The CSSF recently published an update to the 2020 CI SSRA setting out the inherent risk for the Collective Investment Sector remains high as detailed in the National Risk Assessment (NRA) updated in 2020. The present assessment focuses on the evolutions to highlight several ML/TF threats and vulnerabilities that are increasingly important for the fund industry in Luxembourg.
This risk assessment is a valuable tool for all stakeholders to better understand the ML/TF risks associated with the Collective Investment Sector and the measures necessary to mitigate them
The updated CI SSRA report can be found here.