International financial sanctions i.a. in the context of the fight against terrorist financing, may consist of the prohibition or restriction of certain financial activities/services and the freeze of funds, assets or other economic resources. Persons, entities and groups falling under these prohibitions and restrictive measures are, for example, persons and entities associated with the Al-Qaida network or Taliban or persons cited under the European regulations that are directly applicable and concern the situation in e.g. Belarus, Iran, etc..

Pursuant to the Law of 27 October 2010 concerning financial restrictive measures in the context of the fight against terrorist financing, or a directly applicable European regulation concerning other financial restrictive measures, the application of international financial sanctions must be enforced by any Luxembourg natural or legal person, as well as any other natural or legal person operating in or from the Luxembourg territory.

The current national Luxembourg list details of European regulations, directly applicable, and of the implementation, by way of ministerial regulations, of certain UN sanctions lists, on the basis of abovementioned Law of 27 October 2010.

As regards professionals of the financial sector, the CSSF is the competent authority to monitor the implementation of these restrictive measures. In this respect, the regulations of the European Union which are directly applicable to Luxembourg should be mentioned in the context of, for example, the situation in Belarus, North Korea, Egypt, Iran, Libya, Syria or Tunisia.

UN decisions and ministerial regulations with respect to the fight against terrorist financing

UN designations based on Resolutions 1267 (1999), 1989 (2011) and 2253 (2015) UN Security Council Committee designations pursuant to resolutions 1267 (1999) 1989 (2011) and 2253 (2015) concerning ISIL (Da'esh) Al-Qaida and associated individuals groups undertakings and entities for ongoing and multiple criminal terrorist acts

UN designations based on Resolutions 1988 (2011) and 2082 (2012) UN designations pursuant to resolutions 1988 (2011) and 2082 (2012) concerning asset freeze, travel ban, arms embargo on individuals, groups, undertakings and entities associated with the Taliban

Texts adopted by the EU with respect to the fight against terrorist financing

Council Regulation (EC) No 881/2002 of 27 May 2002 – imposing certain specific restrictive measures directed against certain persons and entities associated with the ISIL and Al-Qaida organisations

Council Regulation (EC) No 2580/2001 of 27 December 2001 – on specific restrictive measures directed against certain persons and entities with a view to combating terrorism

Council Common Position 2001/931/CFSP of 27 December 2001 – on the application of specific measures to combat terrorism

Council Regulation (EU) No 753/2011 of 1 August 2011 – concerning restrictive measures directed against certain individuals, groups, undertakings and entities in view of the situation in Afghanistan

Other prohibitions and restrictive financial measures in relation to specific countries

All corrections or amendments to each regulation can be consulted on EUR-Lex website, directly via the link available on CSSF’s website.

* Countries where prohibitions and restrictive financial measures include measures relating to the prevention, suppression and disruption of proliferation of weapons of mass destruction and its financing

 

Belarus

Burma/Myanmar

Burundi

Egypt

Eritrea

Iran*

Iraq

Lebanon

Liberia

Libya

Mali

Nicaragua

Central African Republic

Democratic Republic of Congo

Republic of Guinea

Republic of Guinea-Bissau

Democratic People's Republic of Korea*

Serbia and Montenegro

Somalia

Sudan

South Sudan

Syria

Tunisia

Turkey

Ukraine/Russia

Venezuela

Yemen

Zimbabwe

Documentation

Laws, regulations and directives

Other regulatory texts

Forms

Guidance

Publications

  • 25 April 2020 List established and maintained by the Committee pursuant to resolutions 1267 (1999), 1989 (2011) and 2253 (2015) with respect to ISIL (Da’esh), Al-Qaida and individuals, groups, undertakings and other entities associated with them
    List
  • 25 April 2020 List of individuals and entities subject to the measures imposed by paragraph 1 of resolution 1988 (2011), as renewed by paragraph 1 of resolution 2082 (2012) and paragraph 1 of resolution 2160 (2014)
    List
  • 06 August 2018 European Commission communication: Blocking Statute in relation to the Iran nuclear deal
    Communiqué
  • 18 August 2015 Consolidated list of persons, groups and entities subject to EU financial sanctions
    List
  • 28 February 2014 Situation in Ukraine
    Press release
  • 07 March 2011 Prevention, detection and treatment of possible suspicious assets held with financial institutions
    Press release
  • 18 June 2008 FATF typologies report relating to the prevention, suppression and disruption of proliferation of weapons of mass destruction and its financing
    Other guidance

All discontinued circulars can be consulted in the Regulatory framework library.

Last update: 04 May 2020