Anti-money laundering (AML) and counter-terrorist financing (CTF) efforts have been fast-tracked globally, in the EU and then locally in Luxembourg, especially in the past few years. As an international financial center with the largest fund industry in Europe, Luxembourg faces certain risks associated with financial crime. This is why the policymakers are working so hard, via their extensive regulatory efforts, to decrease possible exposures to money laundering and terrorist financing (ML/TF) activities. Clarifications made by the AED, some as recent as March 2023, help make it easier for alternative asset managers to…
