_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
The CSSF published Circular CSSF 20/740 to provide Luxembourg professionals with information particularly relevant for their activities and to provide guidance on how to abide by AML/CFT professional obligations during this crisis.
The CSSF has implemented several measures to ensure it meets the operational challenges associated with AML/CFT supervision during this time.
In that context, the Expert Working Group AML OPC chaired by the CSSF and composed of representatives of ALFI, ALCO, ABBL, LPEA, LUXREAL, IRE, Le Barreau and The Financial Intelligence Unit decided to convene a special meeting to further detail the impacts of COVID-19 in the Collective Investment Sector to complement the aforementioned circular. The presentation released with this communiqué outlines the conclusion by this Expert Working Group OPC.
Press release by CSSF on 4 May 2020.