The CSSF, CRF, ALCO, L3A, LAFO and LPEA sign an AML/CFT public-private partnership for specialised PFS

In order to further strengthen their collaboration in the fight against money laundering and the financing of terrorism in the sector of specialised PFS, the Commission de Surveillance du Secteur Financier (CSSF), the Cellule de Renseignement Financier (CRF), the Association of Luxembourg Compliance Officers (ALCO), the Luxembourg Alternative Administrators Association (L3A), the Luxembourg Association of Family Offices (LAFO) and the Luxembourg Private Equity Association (LPEA) have signed a public-private partnership on 22 May 2023.

The fight against money laundering and terrorist financing (ML/TF) requires an integrated approach in which public authorities and the representatives of specialised Professionals of the Financial Sector (specialised PFS) pool their knowledge and skills to detect, prevent and combat these crimes together. Such a public-private dialogue helps providing clarity on risks related to specialised PFS activities, defining regulatory explanations and also aims at identifying specific areas or issues where more regulatory guidance is needed.