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The Luxembourg Registration Duties, Estates and VAT Authority has released a major regulatory clarification through Circular 792 quater, tightening the rules governing customer identification and identity verification for all professionals under its supervision. The circular reinforces compliance with the amended Law of 12 November 2004 on combating money laundering and terrorist financing, with a particular focus on the realities of digital finance and complex legal arrangem

The Commission de Surveillance du Secteur Financier has imposed an administrative fine of €185,000 on Rakuten Europe Bank S.A. after identifying serious shortcomings in the institution’s anti-money laundering and counter-terrorist financing controls. The decision was formally adopted on May 19, 2025, and made public on the regulator’s website in early 2026. The sanction corresponds to approximately one percent of the bank’s annual turnover as reported at the end of the 2022 f