{"id":458,"date":"2022-08-12T08:06:40","date_gmt":"2022-08-12T12:06:40","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=458"},"modified":"2024-02-22T08:08:38","modified_gmt":"2024-02-22T12:08:38","slug":"luxembourg-regulator-fines-bank-for-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2022\/08\/12\/luxembourg-regulator-fines-bank-for-sanctions-compliance-failings\/","title":{"rendered":"Luxembourg &#8211; regulator fines bank for sanctions compliance failings"},"content":{"rendered":"<p>The Luxembourg financial services regulator, the CSSF, <a href=\"https:\/\/www.cssf.lu\/wp-content\/uploads\/S_3_EP_Unzer_Luxembourg_S.A._120822_en.pdf\">has today<\/a> imposed a a fine of \u20ac145,000 on Unzer Luxembourg SA for AML and sanctions compliance failings.<\/p>\n<p>The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020 and 2021, and noted that the lack of a fine took into consideration the bank&#8217;s efforts at remediation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Luxembourg financial services regulator, the CSSF, has today imposed a a fine of \u20ac145,000 on Unzer Luxembourg SA for AML and sanctions compliance failings. The penalty notice noted that the failings, including in sanctions screening, were identified as part of an on-site inspection in 2020 and 2021, and noted that the lack of a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2022\/08\/12\/luxembourg-regulator-fines-bank-for-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxembourg &#8211; regulator fines bank 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":[77,71],"tags":[20,12,84],"ppma_author":[7],"class_list":["post-458","post","type-post","status-publish","format-standard","hentry","category-77","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\/458","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=458"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/458\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=458"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}