In its press release 16/19 dated 5 April 2016, the CSSF acknowledges that it has taken note of the Panama Papers released by the International Consortium of Investigative Journalists. The CSSF confirms that it will continue to request that Luxembourg banks and investment firms thoroughly follow their professional obligations, specifically with regard to the prevention of money laundering and that failure to do so will lead to appropriate consequences.  

The press release also indicates that Luxembourg banks are collecting information with regard to automatic exchange of information with counterparts in the EU and OECD, covering both natural persons and beneficial owners of legal entities.

Read CSSF press release 16/19 in full