|
New regulation for Luxembourg investment funds is driving demand for outsourced services
Maitland, the leading global advisory and fund administrator, has announced it is enhancing its AML regulatory compliance capabilities to meet rising demand among Luxembourg fund managers. Driving the need for outsourced compliance services in Luxembourg is the latest anti-money laundering (AML) guidance from the Commission de Surveillance du Secteur Financier (CSSF).
The legislation, issued in November 2019, requires all regulated funds in the jurisdiction to appoint two persons responsible: one for compliance at board or management level (the “RR”) and one for control at the corresponding level (the “RC”). Catalysed by Covid-19, the recent trend towards...
|