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FAQ_LBCFT_VIDEO_IDENTIFICATION.pdf

Here are the key points summarized in English:

Question 14: Online video conference can be used for customer due diligence/KYC obligations, but Article 3-3 of the Law must be respected.

Question 15: CSSF is responsible for supervising compliance with AML/CTF regulations by professionals under its scope. It will verify the tools and systems applied by Luxembourg financial sector professionals.

Question 16: Activities related to customer due diligence for AML/CTF purposes may require a licence as a professional of the financial sector in Luxembourg, such as administrative agent or secondary IT systems operator.

In summary, online video conference can be used for customer due diligence/KYC obligations, CSSF is responsible for supervising compliance with AML/CTF regulations, and certain activities related to customer due diligence may require a licence as a professional of the financial sector in Luxembourg.

Published: 2023-11-03 · Source: CSSF

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