Luxembourg Financial watchdog getting stricter

Luxemburg’s financial supervisor and watchdog “CSSF” has been changing main characteristics of the regulatory environment in the Grand Duchy.

After many years of timid fines and limited enforcement actions the CSSF has recently recruited several new agents and public stated that new and more strict rules are coming and will be enforced.

As summarised on the reported article published on the regulators website: “Your friendly regulator no more”, we look forward to see the new style of the CSSF in action.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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