Following the decision of the European Commission relating to the transposition of the 4th anti-money laundering directive, Luxembourg's press and information service (SIP) has issued a statement.
It has confirmed that Luxembourg has taken note of the decision of the European Commission dated 8 November 2018 to refer Luxembourg to the Court of Justice for not completely implementing the 4th anti-money laundering directive (2015/849) into national law.
A statement from the SIP continued that Luxembourg is firmly committed to the fight against money laundering and the financing of terrorism, at national level as well as at international and European level. Luxembourg has transposed the aforementioned directive through the laws of 13 February 2018 and 10 August 2018 (Parliamentary Records No. 7128 7216A and 7287).
It also states that the anti-money laundering legal framework will be completed, in particular by the transposition of the 5th anti-money laundering directive, within the deadlines set by the directive.
It concluded that the Luxembourg authorities are in close contact with the services of the European Commission to provide any necessary clarification on this matter.
