On 8 February 2021, the Commission de Surveillance du Secteur Financier (CSSF) issued a communication on the digitalisation of the AML/CFT Market Entry Form (the Form). CSSF is aiming at collecting standardised key information in relation to money laundering and terrorist financing risks (ML/FT risk), the Form will have to be completed and submitted through the CSSF’s eDesk portal as from 15 February 2021.
This Form must be submitted by Funds regulated or authorised with a label and Investment Fund Managers (IFM) supervised by the CSSF when submitting for:
- A fund, upon authorisation & adding sub-funds
- An investment fund manager, upon authorisation or registration, license extension & modification of qualified shareholding
The Form must be initiated and submitted by the compliance officer in charge of the control of compliance with the professional obligations of the Fund respectively the IFM, or by the person responsible for compliance with the professional obligations.
In order to allow users to become familiar with the new format and finalise the current ongoing requests, the CSSF has decided to put in place a one-month transition period ending on 15 March 2021. During this period, requests for the Form may be submitted via eDesk for fund approval or email for any other request, using the current Excel dedicated form, or via the new eDesk/AML/CFT Market Entry Form dedicated module. Please note that, as from 15 March 2021, the only possible channel will be the eDesk.
For more details and information, CSSF is urging people to consult the user guide on the eDesk portal.
CSSF’s press release can be found here.