{"id":1114,"date":"2026-01-08T06:06:00","date_gmt":"2026-01-08T10:06:00","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=1114"},"modified":"2026-01-08T06:06:02","modified_gmt":"2026-01-08T10:06:02","slug":"luxembourg-cssf-fines-bank-e185000-including-for-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2026\/01\/08\/luxembourg-cssf-fines-bank-e185000-including-for-sanctions-compliance-failings\/","title":{"rendered":"Luxembourg &#8211; CSSF fines bank \u20ac185,000 including for sanctions compliance failings"},"content":{"rendered":"\n<p>Luxembourg&#8217;s financial services regulator, the CSSF, <a href=\"https:\/\/www.cssf.lu\/wp-content\/uploads\/S_51_B_Rakuten-Europe-Bank-S.A._091025_en.pdf\">has issued a fine<\/a> against Rakuten Bank SA for various compliance failings including sanctions and AML.<\/p>\n\n\n\n<p>One of the failings identified was &#8220;accumulated significant and recurring delays in processing alerts relating to customer screening against list of persons subject to restrictive measures in financial matters&#8221;. The Notice identified a particular example of a customer subject to anti-terrorism sanctions where the review of the alert took more than six months.<\/p>\n\n\n\n<p>Another failing identified was a failure to &#8220;apply &#8216;without delay&#8217; potential restrictive measures in financial matters&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxembourg&#8217;s financial services regulator, the CSSF, has issued a fine against Rakuten Bank SA for various compliance failings including sanctions and AML. One of the failings identified was &#8220;accumulated significant and recurring delays in processing alerts relating to customer screening against list of persons subject to restrictive measures in financial matters&#8221;. The Notice identified a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2026\/01\/08\/luxembourg-cssf-fines-bank-e185000-including-for-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxembourg &#8211; CSSF fines bank \u20ac185,000 including for sanctions compliance failings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104,71],"tags":[20,12,84],"ppma_author":[7],"class_list":["post-1114","post","type-post","status-publish","format-standard","hentry","category-104","category-financial-services","tag-financial-sanctions","tag-fine","tag-luxembourg"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=1114"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/1114\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=1114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=1114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=1114"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=1114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}