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..

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.

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.

Laws, regulations and directives

Laws, regulations and directives

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

Resolutions

  • 17 December 2015

    Resolution 2253 (2015)

    Expands the listing criteria to include individuals and entities supporting the Islamic State in Iraq and the Levant (ISIL, also known as Da’esh). Directs the Monitoring Team to submit reports on the global threat posed by ISIL (Da’esh), Al-Qaida, and…
    Prohibition and restrictive measure
    Lien
    Link
  • 17 June 2011

    Resolution 1989 (2011)

    Reaffirms the assets freeze, travel ban and arms embargo affecting all individuals and entities on the Committee’s Al-Qaida Sanctions List. Decides to split the Consolidated List. Extends the mandate of the Analytical Support and Sanctions Monitoring Team for a further…
    Prohibition and restrictive measure
    Lien
    Link
  • 15 October 1999

    Resolution 1267 (1999)

    Establishes Security Council Committee; imposes limited air embargo and financial embargo on the Taliban (paras 4 & 6)
    Prohibition and restrictive measure
    Lien
    Link

UN designations

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

Resolutions

UN designations