Financial Crime World

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Introduction

The following self-regulatory bodies are responsible for implementing and enforcing anti-money laundering (AML) and combating terrorism financing (CTF) regulations in Luxembourg.

Self-Regulatory Bodies

Ordre des Experts-Comptables (OECC)

Overview


The OECC is established by the Law of 10 August 1991 on the legal profession, as amended. It is responsible for supervising and controlling accountants who carry out activities related to money laundering and terrorist financing.

Contact Details


Ordre des Avocats du Barreau de Luxembourg

Overview


The Ordre des Avocats du Barreau de Luxembourg is established by the Law of 10 August 1991 on the legal profession, as amended. It is responsible for supervising and controlling lawyers who carry out activities related to money laundering and terrorist financing.

Contact Details


Chambre des Notaires du Grand-Duché de Luxembourg

Overview


The Chambre des Notaires is established by article 2 (9) (c) of the Law of 19 December 2020 on the implementation of restrictive measures in financial matters. It is responsible for supervising notaries who carry out activities related to money laundering and terrorist financing.

Contact Details


Chambre des Huissiers de Justice

Overview


The Chambre des Huissiers de Justice is established by Chapter VIII of the Law of 4 December 1990 on the organisation of the court bailiffs, as amended. It is responsible for supervising bailiffs who carry out activities related to money laundering and terrorist financing.

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Financial Intelligence Unit (FIU)

The FIU is the national authority responsible for receiving and analyzing suspicious transaction reports and other information related to money laundering, associated predicate offenses or terrorism financing.

Contact Details


Obligation to Cooperate with the Authorities

Natural and legal persons who have to apply financial restrictive measures, as well as self-regulatory bodies, are obligated to cooperate with the authorities in order to prevent money laundering and terrorist financing.