{"id":886,"date":"2025-04-08T05:36:09","date_gmt":"2025-04-08T09:36:09","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=886"},"modified":"2025-04-08T05:40:02","modified_gmt":"2025-04-08T09:40:02","slug":"luxembourg-cssf-issues-fine-for-aml-and-sanctions-compliance-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/04\/08\/luxembourg-cssf-issues-fine-for-aml-and-sanctions-compliance-failings\/","title":{"rendered":"Luxembourg &#8211; CSSF issues fine for AML and sanctions compliance failings"},"content":{"rendered":"\n<p>A fine imposed by Luxembourg&#8217;s financial services regulator on the Luxembourg subsidiary of the Allianz Group <a href=\"https:\/\/www.luxtimes.lu\/businessandfinance\/cssf-imposes-283000-fine-on-luxembourg-subsidiary-of-allianz-group\/53343688.html\">has become public<\/a> after a court dismissed an appeal.<\/p>\n\n\n\n<p>The fine of \u20ac283,000 was first imposed on 25 March 2022, but <a href=\"https:\/\/www.cssf.lu\/wp-content\/uploads\/S_88_GFI_Allianz_Global_Investors_GmbH_Zweigniederlassung_Luxembourg_2022.03.25_en.pdf\">only published on<\/a> 4 April 2025 after the conclusion of the court challenge.<\/p>\n\n\n\n<p>One of the compliance issues identified included failures to &#8220;provide evidence of complete initial and ongoing name screening against &#8230; sanctions lists&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fine imposed by Luxembourg&#8217;s financial services regulator on the Luxembourg subsidiary of the Allianz Group has become public after a court dismissed an appeal. The fine of \u20ac283,000 was first imposed on 25 March 2022, but only published on 4 April 2025 after the conclusion of the court challenge. One of the compliance issues &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/04\/08\/luxembourg-cssf-issues-fine-for-aml-and-sanctions-compliance-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxembourg &#8211; CSSF issues 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":[95,71],"tags":[12,84],"ppma_author":[7],"class_list":["post-886","post","type-post","status-publish","format-standard","hentry","category-95","category-financial-services","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\/886","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=886"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/886\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=886"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}