Professionnels

05 avril 2016

Press release 16/19

The Commission for the Supervision of the Financial Sector (CSSF) has taken note of the “Panama Papers” by the International Consortium of Investigative Journalists.

The CSSF will continue to request that Luxembourg banks and investment firms thoroughly follow their professional obligations, specifically with regards to the prevention of money laundering and will draw the appropriate consequences if they fail to do so.

Moreover Luxembourg banks are collecting information with regards to automatic exchange of information with counterparts in the EU and OECD, covering both natural persons and beneficial owners of legal entities.