TITLE: Luxembourg's Financial Regulator Updates High-Risk Jurisdictions List Under Anti-Money Laundering Framework
BODY:
On February 18, 2026, the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulator, published an updated annex to Circular CSSF 22/822 identifying high-risk jurisdictions subject to enhanced due diligence and counter-measures under anti-money laundering and counter-terrorism financing (AML/CTF) requirements.
The annex, dated February 17, 2026, serves as the CSSF's implementation of Financial Action Task Force (FATF) recommendations and designations. It identifies two categories of jurisdictions: those classified as high-risk on which enhanced due diligence and, where appropriate, counter-measures are imposed; and jurisdictions under increased monitoring by the FATF. The circular provides financial institutions and other regulated entities operating in Luxembourg with guidance on jurisdictions requiring heightened scrutiny during customer due diligence procedures and transaction monitoring activities.
Financial institutions, credit institutions, payment service providers, e-money institutions, and other entities subject to Luxembourg's AML/CTF framework must apply the enhanced due diligence measures outlined in the annex when conducting business with customers, beneficial owners, or counterparties connected to the listed high-risk jurisdictions. The updated list reflects the FATF's ongoing assessment of jurisdictions' compliance with international AML/CTF standards and their effectiveness in combating money laundering and terrorism financing.
The annex is available on the CSSF's website in PDF format and supersedes previous versions. Regulated entities should ensure their compliance procedures and systems are updated to reflect the current designations.
**Reference:**
Commission de Surveillance du Secteur Financier. (2026). Annex of Circular CSSF 22/822. Retrieved from CSSF website.