Luxembourg – Financial Crime Unit’s report of sanctions investigations

Luxembourg’s Financial Intelligence Unit (the CRF) has published its Annual Report which includes statistics on sanctions-related SARS and investigations, as well as an indication of funds frozen as part of these investigations.

• • 160 instances of suspicion of breaches of sanctions reported since 24 February 2022:
    • 23 were in 2022;
    • 100 were in 2023; and
    • 36 so far in 2024
  • 15 information requests have been sent out by the CRF in relation to possible sanctions evasion:
    • 2 in 2022;
    • 13 in 2023; and
    • no indication of the number sent so far in 2024.
  • the CRF has also blocked €45,958,887.91 in relation to two suspected cases of sanctions evasion. No further details were provided.