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Combating Financial Crime

Welcome to FinancialCrime.lu

Welcome to FinancialCrime.lu, where we unite to combat financial misconduct and promote integrity in the financial world.

Our mission is to provide a platform for professionals, experts, and individuals passionate about preventing and addressing financial crime.

We aim to:

  • Educate and Inform: Share knowledge on the latest trends, techniques, and tools used to fight financial crime.
  • Collaborate and Connect: Bring together a diverse network of professionals dedicated to safeguarding financial systems.
  • Advocate for Integrity: Promote ethical practices and transparency across all sectors.

Be part of a community that values integrity and is committed to making a difference. Together, we can create a safer financial environment for everyone.

Articles

Take a look at our Articles to find out more. Explore guidelines, reports, and commentaries that translate complex topics into clear takeaways. New pieces are added regularly, with references and links for further reading.
EU Conflict Minerals Regulation: What It Means for Financial Crime and Payment Systems

EU Conflict Minerals Regulation: What It Means for Financial Crime and Payment Systems

Cutting the Link Between Minerals and Violence In 2017, the European Union adopted a far‑reaching...

By Bastian Schwind-Wagner, on 21 Apr 2026
FATF Fifth-Round Mutual Evaluations

FATF Fifth-Round Mutual Evaluations

What’s changed and why industry must engage The FATF’s fifth-round mutual evaluations mark a clear...

By Bastian Schwind-Wagner, on 19 Apr 2026
The Chair’s Crucial Role in Combating Corporate Corruption

The Chair’s Crucial Role in Combating Corporate Corruption

Practical lessons from governance practice Corporate corruption, fraud and related financial crime are not just...

By Bastian Schwind-Wagner, on 17 Apr 2026
The Shifting Threshold for Suspicious Activity Reporting

The Shifting Threshold for Suspicious Activity Reporting

Practical guidance for compliance teams Financial institutions and other obliged entities face ongoing tension between...

By Bastian Schwind-Wagner, on 08 Apr 2026
EU ¦ The 2026 EU Anti-Corruption Directive

EU ¦ The 2026 EU Anti-Corruption Directive

Directive Strengthens EU Criminal Response to Corruption – What Financial Crime Practitioners Need to Know...

By Bastian Schwind-Wagner, on 08 Apr 2026
CRF ¦ Understanding Bribery of Foreign Public Officials (BFPO)

CRF ¦ Understanding Bribery of Foreign Public Officials (BFPO)

Understanding Bribery of Foreign Public Officials – Practical Guidance for Financial Crime Professionals Context and...

By Bastian Schwind-Wagner, on 01 Apr 2026
+ more articles

Videos and Audio

Discover our Videos and Audio page to expand your knowledge. Explore expert insights, case breakdowns, and explainers across key subjects.
FATF Report ¦ Complex Proliferation Financing and Sanctions Evasion Schemes

FATF Report ¦ Complex Proliferation Financing and Sanctions Evasion Schemes

FATF Report highlights major gaps in global response to Proliferation Financing and Sanctions Evasion A...

By Bastian Schwind-Wagner, on 20 Jun 2025
MoJ ¦ 2025 National Risk Assessment Money Laundering

MoJ ¦ 2025 National Risk Assessment Money Laundering

Luxembourg updates its national money laundering risk assessment Luxembourg has completed its 2025 National Risk...

By Bastian Schwind-Wagner, on 27 May 2025
+ more videos and audio

Rulings and Fines

Visit our Rulings and Fines page to explore case law and measures. Review summaries with key facts, legal bases, and outcomes for each decision.
Ruling [CJEU] ¦ MAR: When Insider Lists Become Inside Information

Ruling [CJEU] ¦ MAR: When Insider Lists Become Inside Information

Lessons from the Court of Justice on Market Abuse The Court of Justice’s recent ruling...

By Bastian Schwind-Wagner, on 19 Mar 2026
Ruling [CJEU] ¦ When 50% Is Enough: EU Sanctions, Corporate Control and Frozen Bank Accounts

Ruling [CJEU] ¦ When 50% Is Enough: EU Sanctions, Corporate Control and Frozen Bank Accounts

Note You can find an article on Advocate General Ćapeta’s Opinion, delivered on July 3,...

By Bastian Schwind-Wagner, on 12 Mar 2026
Ruling [CJEU] ¦ EU Court Limits Member States’ Ability to Tie Corporate AML Penalties to Individual Guilt

Ruling [CJEU] ¦ EU Court Limits Member States’ Ability to Tie Corporate AML Penalties to Individual Guilt

A landmark ruling on legal person liability under the AML framework On 29 January 2026,...

By Bastian Schwind-Wagner, on 29 Jan 2026
CJEU (AG) ¦ EU Advocate General Questions Blanket Shareholder Disclosure

CJEU (AG) ¦ EU Advocate General Questions Blanket Shareholder Disclosure

Public Shareholders, Privacy, and Financial Crime Control: What Advocate General Norkus’s Opinion Means On 18...

By Bastian Schwind-Wagner, on 18 Dec 2025
+ more rulings and fines

Research

Discover our Research page to learn more and dive deeper. Access white papers, surveys, and methodology notes with transparent sources and datasets.
Recurrence, Scale, and Risk-Based Monitoring in Money Laundering: Temporal Displacement under Cumulative Enforcement

Recurrence, Scale, and Risk-Based Monitoring in Money Laundering: Temporal Displacement under Cumulative Enforcement

How AML reshapes the timing of laundering Modern anti-money laundering (AML) practice evaluates transactions in...

By Bastian Schwind-Wagner, on 07 Apr 2026
Hidden Ownership in Suspicious Transactions - Experimental Evidence on AML Reporting Priorities in Norway

Hidden Ownership in Suspicious Transactions - Experimental Evidence on AML Reporting Priorities in Norway

Hidden ownership underestimated: Norwegian AML professionals rank origin of funds above beneficial ownership Concealing who...

By Bastian Schwind-Wagner, on 28 Mar 2026
EJRR ¦ Governing Money Laundering as a Collective-Action Problem: The AMLA

EJRR ¦ Governing Money Laundering as a Collective-Action Problem: The AMLA

Governing money laundering as a collective-action problem – What AMLA means for Europe’s fight against...

By Bastian Schwind-Wagner, on 24 Mar 2026
trigeko ¦ Study on Transnational ML Flows: Is Germany an Attractive Destination?

trigeko ¦ Study on Transnational ML Flows: Is Germany an Attractive Destination?

Transnational Money-Laundering Flows Involving Germany – Key Findings and Policy Implications This study provides the...

By Bastian Schwind-Wagner, on 20 Mar 2026
+ more research

Talks

Browse our Talks page to gain valuable insights from other experts. Watch keynote sessions, panel discussions, and Q&As with practitioners across industries.
ERA ¦ ERA Talks – #8 Laura Codruța Kövesi, European Chief Prosecutor and head of the EPPO

ERA ¦ ERA Talks – #8 Laura Codruța Kövesi, European Chief Prosecutor and head of the EPPO

European Chief Prosecutor Laura Codruța Kövesi on building the European Public Prosecutor’s Office and fighting...

By Bastian Schwind-Wagner, on 26 Mar 2026
Basel Institute on Governance ¦ How to Tackle Corruption as a Complex Adaptive System

Basel Institute on Governance ¦ How to Tackle Corruption as a Complex Adaptive System

How Corruption Evolves – Treating Kleptocracy as a Networked Enterprise Understanding corruption as a networked,...

By Bastian Schwind-Wagner, on 25 Mar 2026
AMLA ¦ Data Collection Exercise - Webinar for Sampled Entities

AMLA ¦ Data Collection Exercise - Webinar for Sampled Entities

AMLA launches EU-wide data collection to calibrate harmonized ML/TF risk assessment – practical guidance and...

By Bastian Schwind-Wagner, on 13 Mar 2026
Basel Institute on Governance ¦ Shaping Virtual Assets Regulations Fit For The Future

Basel Institute on Governance ¦ Shaping Virtual Assets Regulations Fit For The Future

Shaping Virtual Asset Regulation Fit for the Future – Lessons from CoSP11 Tech Day Opening...

By Bastian Schwind-Wagner, on 16 Dec 2025
FATF ¦ Exiting the FATF Grey List – Success Stories & Pathways to Sustainable Compliance

FATF ¦ Exiting the FATF Grey List – Success Stories & Pathways to Sustainable Compliance

Exiting the FATF Grey List – How African Countries Turned Listings into Lasting Reform The...

By Bastian Schwind-Wagner, on 10 Dec 2025
Basel Institute on Governance ¦ Basel AML Index 2025 – Trends in Global Financial Crime Risk and Assessment

Basel Institute on Governance ¦ Basel AML Index 2025 – Trends in Global Financial Crime Risk and Assessment

Basel AML Index 2025: A More Nuanced Map of Global Financial‑Crime Risk – Progress, Persistent...

By Bastian Schwind-Wagner, on 10 Dec 2025
+ more talks

Templates

We provide Templates that can give you a valuable head start — from customizable checklists and policy drafts to ready‑to‑use forms and workflows, helping you save time and ensure consistent, high‑quality results.
Luxembourg Investment Fund ¦ Prospectus ¦ suggested wording for a “Financial Crime Risk Notice”

Luxembourg Investment Fund ¦ Prospectus ¦ suggested wording for a “Financial Crime Risk Notice”

Anyone investing in an investment fund expects clear information about opportunities and risks. In addition...

By Bastian Schwind-Wagner, on 11 Jul 2025
AML/CFT/CPF Risk Appetite Statement for “Luxembourg Investment Fund (Manager)”

AML/CFT/CPF Risk Appetite Statement for “Luxembourg Investment Fund (Manager)”

This AML/CFT/CPF Risk Appetite Statement template can be used to define an entity’s tolerance for...

By Bastian Schwind-Wagner, on 09 Jul 2025
+ more templates

Podcasts and Webcasts

Listen to our valuable and insightful Podcasts and Webcasts. Hear practitioners discuss real cases, emerging trends, and practical tips you can apply.
Welcome!

Welcome!

Welcome to the Financial Crime Community! We are thrilled to welcome you to our global...

By Bastian Schwind-Wagner, on 28 Oct 2024

EU Sanctions Helpdesk

EU Sanctions Helpdesk The EU Sanctions Helpdesk platform supports European operators in complying with European Union restrictive measures (also known as sanctions) imposed worldwide. Aimed primarily at Small and Medium-sized Enterprises (SMEs), the Helpdesk offers resources and personalised help to companies performing sanctions due diligence checks.
get free support

What else?

What else?
Business

Business

At FinancialCrime.lu, we delve into the intricate relationship between business practices and financial crime through...

By Bastian Schwind-Wagner, on 27 Oct 2024
Compliance

Compliance

Compliance serves as an indispensable tool in the fight against financial crime, and at FinancialCrime.lu,...

By Bastian Schwind-Wagner, on 27 Oct 2024
Technology

Technology

Technology plays a crucial role in both the perpetration and prevention of financial crime. At...

By Bastian Schwind-Wagner, on 27 Oct 2024

FATF ¦ R.1 As­sess­ing Risks and Ap­ply­ing a Risk-Based Ap­proach

Rec­om­men­da­tion 1: Put­ting Risk at the Cen­ter of AML/CFT and Pro­lif­er­at­ion Fi­nan­cing Con­trols

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FATF ¦ R.2 Na­ti­o­nal Co­o­pe­ra­tion and Co­or­di­na­tion

Rec­om­men­da­tion 2: Strength­en­ing Na­ti­o­nal Co­o­pe­ra­tion and Co­or­di­na­tion in AML/CFT/CPF

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FATF ¦ R.3 Mon­ey Laun­der­ing Of­fence

Rec­om­men­da­tion 3: Crim­i­nal­is­ing Mon­ey Laun­der­ing for Mod­ern Fi­nan­cial Crime Con­trol

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FATF ¦ R.4 Con­fis­ca­tion and Pro­vi­sio­nal Mea­su­res

Rec­om­men­da­tion 4: Strength­en­ing As­set Re­co­ve­ry to De­ter Fi­nan­cial Crime

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FATF ¦ R.5 Ter­ro­rist Fi­nan­cing Of­fen­ce

Rec­om­men­da­tion 5: Buil­ding Strong Le­gal Foun­da­tions to Com­bat Ter­ro­rist Fi­nan­cing

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FATF ¦ R.6 Tar­get­ed Fi­nan­cial Sanc­tions re­lat­ed to Ter­ror­ism and Ter­ror­ist Fi­nan­cing

Rec­om­men­da­tion 6: From De­sig­na­tion to Com­mu­ni­ca­tion, Make Every Sec­ond Count a­gainst Ter­ror Fi­nan­cing

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FATF ¦ R.7 Tar­get­ed Fi­nan­cial Sanc­tions re­lat­ed to Pro­lif­er­a­tion

Rec­om­men­da­tion 7: Tar­get­ed Fi­nan­cial Sanc­tions to Coun­ter WMD Pro­lif­er­a­tion

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FATF ¦ R.8 Non-Prof­it Or­ga­ni­sa­tions

Rec­om­men­da­tion 8: Pro­tect­ing Non-Prof­it Or­ga­ni­sa­tions from Ter­ror­ist Fi­nan­cing A­buse

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FATF ¦ R.9 Fi­nan­cial In­sti­tu­tion Se­cre­cy Laws

Rec­om­men­da­tion 9: En­sur­ing Se­cre­cy Laws Don’t Shield Fi­nan­cial Crime

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FATF ¦ R.10 Cus­to­mer Due Dil­i­gence

Rec­om­men­da­tion 10: Get­ting Cus­to­mer Due Dil­i­gence Right

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FATF ¦ R.11 Re­cord-Keep­ing

Rec­om­men­da­tion 11: The Back­bone of Ef­fec­tive Fi­nan­cial Crime Com­pli­ance

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FATF ¦ R.12 Po­lit­i­cal­ly Ex­posed Per­sons

Rec­om­men­da­tion 12: Man­ag­ing Po­lit­i­cal­ly Ex­posed Per­sons in Fi­nan­cial In­sti­tu­tions

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FATF ¦ R.13 Cor­res­pon­dent Bank­ing

Rec­om­men­da­tion 13: Strengt­hen­ing Con­trols to Com­bat Fi­nan­cial Crime

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FATF ¦ R.14 Mon­ey or Val­ue Trans­fer Ser­vices (MVTS)

Rec­om­men­da­tion 14: Strength­en­ing Over­sight of Mon­ey or Val­ue Trans­fer Ser­vices

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FATF ¦ R.15 New Tech­no­lo­gies

Rec­om­men­da­tion 15: Man­a­ging Risks from New Tech­no­log­ies in Fi­nan­cial Crime Pre­ven­tion

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FATF ¦ R.16 Pay­ment Trans­par­en­cy

Rec­om­men­da­tion 16: Strength­en­ing Pay­ment Trans­par­en­cy to Coun­ter Fi­nan­cial Crime

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FATF ¦ R.17 Rel­i­ance on Third Par­ties

Rec­om­men­da­tion 17: How Far Can You Re­ly On Third Par­ties For CDD?

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FATF ¦ R.18 In­ternal Con­trols and For­eign Branch­es and Sub­sid­iar­ies

Rec­om­men­da­tion 18: In­ternal Con­trols, Group Pro­grammes and For­eign Branch­es – What Fi­nan­cial In­sti­tu­tions Need To Do

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FATF ¦ R.19 High­er-Risk Coun­tries

Rec­om­men­da­tion 19: Man­ag­ing High­er-Risk Coun­tries in Fi­nan­cial Crime Com­pli­ance

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FATF ¦ R.20 Re­port­ing of Sus­pi­cious Trans­ac­tions

Rec­om­men­da­tion 20: Why it is the Back­bone of Sus­pi­cious Trans­ac­tion Re­port­ing

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FATF ¦ R.21 Tipp­ing-Off and Con­fi­den­ti­al­i­ty

Rec­om­men­da­tion 21: Tipp­ing-Off and Con­fi­den­ti­al­i­ty in Fi­nan­cial Crime Com­pli­ance

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FATF ¦ R.22 DNFBPs: Cus­to­mer Due Dil­i­gence

Rec­om­men­da­tion 22: Why DNFBPs Can No Long­er Sit on the Side­lines of AML/CFT

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FATF ¦ R.23 DNFBPs: Oth­er Mea­sures

Rec­om­men­da­tion 23: Expand­ing the Net - How It Shapes AML/CFT Du­ties for DNFBPs

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FATF ¦ R.24 Trans­par­en­cy and Be­ne­fi­cial Own­er­ship of Le­gal Per­sons

Rec­om­men­da­tion 24: Strengthening Trans­par­en­cy and Be­ne­fi­cial Own­er­ship of Le­gal Per­sons

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FATF ¦ R.25 Trans­par­en­cy and Be­ne­fi­cial Own­er­ship of Le­gal Ar­range­ments

Rec­om­men­da­tion 25: Strength­en­ing Trans­par­en­cy and Be­ne­fi­cial Own­er­ship of Le­gal Ar­range­ments

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FATF ¦ R.26 Reg­u­la­tion and Su­per­vi­sion of Fi­nan­cial In­sti­tu­tions

Rec­om­men­da­tion 26: Strength­en­ing Reg­u­la­tion and Su­per­vi­sion of Fi­nan­cial In­sti­tu­tions

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FATF ¦ R.27 Pow­ers of Su­per­vi­sors

Rec­om­men­da­tion 27: Why Strong Su­per­vi­so­ry Pow­ers Are Es­sen­tial in the Fight Against Fi­nan­cial Crime

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FATF ¦ R.28 Re­gu­la­tion and Su­per­vi­sion of DNFBPs

Rec­om­men­da­tion 28: Build­ing Ef­fec­tive DNFBP Over­sight

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FATF ¦ R.29 Finan­cial In­tel­li­gence Units

Rec­om­men­da­tion 29: Strength­en­ing the Finan­cial In­tel­li­gence Unit as the Cor­ner­stone of AML/CFT Op­er­a­tions

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FATF ¦ R.30 Res­pon­si­bil­i­ties of Law En­force­ment and In­vesti­ga­tive Au­thorities

Rec­om­men­da­tion 30: Clos­ing the Gap Be­tween Predi­cate Crimes and As­set Re­cov­ery

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FATF ¦ R.31 Pow­ers of Law En­force­ment and In­ves­ti­ga­tive Au­thor­i­ties

Rec­om­men­da­tion 31: Why Strong In­ves­ti­ga­tive Pow­ers Mat­ter In Fi­nan­cial Crime Cas­es

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FATF ¦ R.32 Cash Couriers

Rec­om­men­da­tion 32: Tackl­ing Cash Couriers to Pre­vent Mo­ney Laun­der­ing and Ter­ror­ist Fi­nan­cing

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FATF ¦ R.33 Sta­tis­tics

Rec­om­men­da­tion 33: Why Strong AML/CFT Sta­tis­tics are a Stra­te­gic Ne­ces­si­ty

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FATF ¦ R.34 Gui­dance and Feed­back

Rec­om­men­da­tion 34: Tur­ning Gui­dance and Feed­back into Real AML Im­pact

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FATF ¦ R.35 Sanc­tions

Rec­om­men­da­tion 35: Ac­count­a­bil­i­ty at the Top

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FATF ¦ R.36 In­ter­na­tion­al In­stru­ments

Rec­om­men­da­tion 36: The Back­bone of Glob­al Fin­an­cial Crime Con­trol

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FATF ¦ R.37 Mu­tual Le­gal As­sis­tance

Rec­om­men­da­tion 37: Why Mu­tual Le­gal As­sis­tance is Vi­tal to Fight­ing Fi­nan­cial Crime

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FATF ¦ R.38 Mu­tu­al Le­gal As­sis­tance: Freez­ing and Con­fis­ca­tion

Rec­om­men­da­tion 38: Why Fast Cross‑Bor­der Freez­ing and Con­fis­ca­tion Mat­ter in Fi­nan­cial Crime Cas­es

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FATF ¦ R.39 Ex­tra­di­tion

Rec­om­men­da­tion 39: Why Ef­fec­tive Ex­tra­di­tion is Crit­i­cal to Fight­ing Fi­nan­cial Crime

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FATF ¦ R.40 O­ther Forms of In­ter­na­tion­al Co­op­er­a­tion

Rec­om­men­da­tion 40: Strength­en­ing Cross-Bor­der Co­op­er­a­tion to Tack­le Fi­nan­cial Crime

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FATF ¦ IO1 Risk, Pol­i­cy and Co­or­di­na­tion

Im­med­i­ate Out­come 1: I­den­ti­fy­ing, As­sess­ing and Co­or­di­nat­ing Do­mes­tic Ac­tion to Com­bat ML and TF

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FATF ¦ IO2 In­ter­na­tion­al Co­op­er­a­tion

Im­med­i­ate Out­come 2: In­ter­na­tion­al Co­op­er­a­tion that De­li­vers In­for­ma­tion, In­tel­li­gence and Ac­tion

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FATF ¦ IO3 Su­per­vi­sion

Im­med­i­ate Out­come 3: Strength­en­ing Su­per­vi­sion and Pri­vate‑Sec­tor Com­pli­ance to Re­duce ML/TF Risks

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FATF ¦ IO4 Pre­ven­tive Meas­ures

Im­med­i­ate Out­come 4: Strength­en­ing Su­per­vis­ion and Risk-Based Com­pli­ance of DNFBPs

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FATF ¦ IO5 Legal Per­sons and Ar­range­ments

Im­med­i­ate Out­come 5: Strength­en­ing Tran­spar­en­cy of Le­gal Per­sons and Ar­range­ments to Coun­ter Fi­nan­cial Crime

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FATF ¦ IO6 Fi­nan­cial In­tel­li­gence

Im­med­i­ate Out­come 6: From Re­ports to Re­sults

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FATF ¦ IO7 Mon­ey Laund­er­ing In­ves­ti­ga­tion & Pro­se­cu­tion

Im­med­i­ate Out­come 7: En­sur­ing Cross-Bor­der Mon­ey Laund­er­ing Ca­ses Lead to Con­vic­tions

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FATF ¦ IO8 Con­fis­ca­tion

Im­med­i­ate Out­come 8: Mak­ing Crime Un­prof­it­a­ble — Mea­sur­ing As­set Re­cov­er­y Ef­fec­tive­ness

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FATF ¦ IO9 TF In­ves­ti­ga­tion & Pro­se­cu­tion

Im­med­i­ate Out­come 9: In­ves­ti­ga­ting, Pro­se­cu­ting and Sanc­tion­ing Ter­ror­ist Fi­nan­cing

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FATF ¦ IO10 TF Pre­vent­ive Meas­ures & Fi­nan­cial Sanc­tions

Im­med­i­ate Out­come 10: Pre­vent­ing Ter­ror­ists and Ter­ror­ist Fi­nan­ciers from Rais­ing, Mov­ing and Us­ing Funds

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FATF ¦ IO11 PF Fin­an­cial Sanc­tions

Im­med­i­ate Out­come 11: Pre­vent­ing the Fi­nanc­ing of Wea­pons of Mass De­struc­tion

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