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Bekämpfung von Geldwäsche und Terrorismusfinanzierung in der Fondsindustrie

_Maßgeblich für die von der Commission de Surveillance du Secteur Financier (die „CSSF“) beaufsichtigten luxemburgischen Unternehmen sind die Bestimmungen des Gesetzes vom 12. November 2004 über die Bekämpfung von Geldwäsche und Terrorismusfinanzierung, wie abgeändert, (das „Gesetz“). Allerdings gibt es auch eine Reihe von Sonderbestimmungen (Gesetze, Rundschreiben etc.), die im Zusammenspiel mit dem Gesetz zu lesen sind, weswegen es unerlässlich ist, sich kontinuierlich mit diesem Thema zu befassen.

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Mitteilungen durch die CSSF bezüglich der Verordnung über Indizes

_Seit dem 1. Januar 2018 gilt die Verordnung (EU) 2016/1011 des Europäischen Parlaments und des Rates vom 8. Juni 2016 über Indizes, die bei Finanzinstrumenten und Finanzkontrakten als Referenzwert oder zur Messung der Wertentwicklung eines Investmentfonds verwendet werden, in der Form wie abgeändert (die „Verordnung").

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Delano Interview | "Welcome to my Home Office" with Mevlüde-Aysun Tokbag

_During this COVID-19 clampdown, Delano is speaking with their readers about their telecommuting workspace and how they are making the virtual office environment work.

Partner Mevlüde-Aysun Tokbag, Head of the German Desk, shared her home workspace and daily routine with Delano and explained her vision of telecommuting.

Read the interview

 

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Emmanuelle Ost

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Episode 7 - COVID-19 Webcast - Legal & Regulatory Risks Around the Use of Virtual Conferences

_This is the seventh episode of our COVID-19 webcast series. In this episode Partner Mark Shaw wants to look at the legal and regulatory risks around the use of virtual conferences during the COVID-19 pandemic.

Transcription of the video:

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Adoption of the Guidelines of the EBA on Moratoria on Loan Repayments

_In its Circular 20/741 of 30 April to Luxembourg banks, Commission de Surveillance du Secteur Financier (CSSF) confirms the application of the Guidelines of the European Banking Authority on moratoria on loan repayments applied in the light of the COVID-19 crisis (EBA/GL/2020/02).

The Guidelines clarify:

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Circular CSSF 20/740 Related to Finance Crime and AML/CFT Implications during the COVID-19 Pandemic

_The CSSF has issued a new Circular CSSF 20/740 relating to Financial crime and AML/CFT implications arising from the COVID-19 pandemic.

The purpose of this circular is to provide guidance to all professionals subject to anti-money laundering and counter-terrorism financing (AML/CFT) supervision of the CSSF in relation to the money laundering and terrorism financing (ML/TF) risks and AML/CFT implications of the COVID-19 pandemic. 

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AML/CFT Supervision in the Collective Investment Sector during the COVID-19 Situation

_On 1 April 2020, the FATF President released a public statement regarding COVID-19 and measures to combat laundering and illicit financing. In this statement the FATF President drew the attention of the professionals and the regulators to the new challenges entailed by the outbreak.

>> See statement by the FATF President: COVID-19 and measures to combat illicit financing

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Mise en place d’une nouvelle aide d’urgence à destination des travailleurs indépendants (3.000, 3.500 ou 4.000 euros)

_Le gouvernement luxembourgeois a décidé de renforcer le dispositif de soutien aux indépendants touchés par les conséquences financières de la pandémie du COVID-19.

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Episode 8 - COVID-19 Webcast - ESMA Updates: Conduct of Business and EMIR Implementation Delay

_This is the eighth episode of our COVID-19 webcast series. In this episode Partner Mark Shaw wants to look at a couple of updates from European Securities and Markets Authority (ESMA) over the last few days regarding conduct of business under MiFID and an EMIR implementation delay.

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