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Money laundering: FATF experts' visit to Luxembourg postponed to 2022

05/07/2021
Categories: General Information

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Initially scheduled for 2020, then at the end of 2021, the Financial Action Task Force (FATF) is once again delaying its visit to Luxembourg. Once again, the effects of the pandemic are at issue.

The FATF experts, responsible for ensuring compliance with international provisions to combat money laundering and terrorist financing, will be in Luxembourg but not on the announced schedule. According to Max Braun, director of the financial intelligence unit, the visit of the FATF experts will not take place in 2021. It should finally take place in spring 2022. Luxembourg is expected to be at the turning point, after having passed several laws and amendments that facilitate the fight against money laundering.

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