scholarly journals United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Anti-Money Laundering/Combating the Financing of Terrorism

2010 ◽  
Vol 10 (253) ◽  
pp. i
Author(s):  
International Monetary Fund
Keyword(s):  
United States ◽  
Money Laundering ◽  
Financial Sector ◽  
Technical Note ◽  
Assessment Program ◽  
Financing Of Terrorism

scholarly journals Luxembourg

2017 ◽  
Vol 17 (255) ◽  
Author(s):  
Keyword(s):  
Money Laundering ◽  
Financial Sector ◽  
Risk Profile ◽  
Technical Note ◽  
Assessment Program ◽  
Beneficial Ownership ◽  
Financing Of Terrorism ◽  
Made In

This Technical Note discusses the findings and recommendations made in the 2017 Financial Sector Assessment Program (FSAP) Update for Luxembourg in the area of anti–money laundering and combating the financing of terrorism (AML/CFT). Since the last FSAP update, important steps have been taken to strengthen the AML/CFT regime. Luxembourg’s risk profile appears to be evolving as a result of the authorities’ push for increased tax transparency. Transparency of the beneficial ownership of legal persons has also improved. AML/CFT supervision has been strengthened in recent years, but challenges remain, including with respect to lawyers.

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