{"id":662,"date":"2024-07-12T06:01:47","date_gmt":"2024-07-12T10:01:47","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=662"},"modified":"2024-07-12T06:01:47","modified_gmt":"2024-07-12T10:01:47","slug":"luxembourg-cssf-imposes-fine-for-aml-and-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/07\/12\/luxembourg-cssf-imposes-fine-for-aml-and-sanctions-compliance-failings\/","title":{"rendered":"Luxembourg &#8211; CSSF imposes fine for AML and sanctions compliance failings"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.cssf.lu\/wp-content\/uploads\/S_71_abrdn_Investments_Luxembourg_S.A._2024.04.02_en.pdf\">Commission de Surveillance du Secteur Financier (CSSF)<\/a> in Luxembourg has imposed fines of \u20ac109,000 and \u20ac17,200 for compliance failings on abrdn Investments Luxembourg S.A.<\/p>\n<p>The fine of \u20ac17,200 related to failings in relation to AML\/CFT, and included in these failings was failure to &#8220;perform initial name screenings controls against international and European financial sanctions lists&#8221;.<\/p>\n<p>The CSSF had conducted on-site inspections in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg has imposed fines of \u20ac109,000 and \u20ac17,200 for compliance failings on abrdn Investments Luxembourg S.A. The fine of \u20ac17,200 related to failings in relation to AML\/CFT, and included in these failings was failure to &#8220;perform initial name screenings controls against international and European financial sanctions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/07\/12\/luxembourg-cssf-imposes-fine-for-aml-and-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxembourg &#8211; CSSF imposes fine for AML and 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":[79,71],"tags":[20,12,84],"ppma_author":[7],"class_list":["post-662","post","type-post","status-publish","format-standard","hentry","category-79","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","author_category":"","last_name":"Handley","first_name":"Mark","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html","description":"<a href=\"https:\/\/www.duanemorris.com\/attorneys\/markhandley.html\">Read Mark's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/662","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=662"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/662\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=662"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}