{"id":"circulars/faq-faq-regarding-international-financial-sanctions","title":"FAQ regarding International Financial Sanctions","type":"circular","date":"2022-03-17","kind":"faq","html":"<p>FAQ regarding International Financial Sanctions is a CSSF FAQ, published 17 March 2022.</p>\n<p>Relevant for: AIFMs, AISPs, Central Securities Depositories (CSDs), Credit institutions, Crowdfunding service providers, Data Reporting Service Providers (DRSPs), E-money institutions, Investment firms, Investment fund managers, Investment funds and vehicles, Management companies - Chapter 15, Management companies - Chapter 16, Mortgage credit intermediaries, Other specific authorisations, registrations and information, Part II UCIs, Payment institutions, Payment institutions/electronic money institutions/AISPs, Pension funds, Securitisation undertakings, SICARs, SIFs, Specialised PFS, Support PFS, UCITS, Virtual asset service providers (VASPs).</p>\n<p>Main topic: Financial crime. Keywords: AML/CFT, International sanctions, Restrictive measures, Terrorist financing.</p>\n<h2>Text</h2>\n<p>Frequently asked questions regarding International Financial Sanctions 3 November 2025</p>\n<p>Frequently asked questions regarding International Financial Sanctions 3 November 2025 TABLE OF CONTENTS Question 1: What is the applicable legal framework? Modified on 30 September 2025 ..................................................................... 4 Question 2: Where are the documents relating to the various international financial sanctions available? Modified on 30 September 2025 ..................................................................... 4 Question 3: What are professionals required to report to the Ministry of Finance, and in copy to the CSSF, without delay? Published on 17 March 2022 ........................................................................... 4 Question 4: Where shall the professional send the report regarding the financial restrictive measures? Modified on 29 October 2025 .......................................................................... 5 Question 5: Does a form exist for notifying the freezing of funds to the Ministry of Finance? Modified on 21 March 2022 ............................................................................ 5 Question 6: What are the roles of the CSSF and the Ministry of Finance regarding international financial sanctions? Published on 17 March 2022 ........................................................................... 6 Question 7: What are the powers of the CSSF in the context of its supervision relating to international financial sanctions? Published on 17 March 2022 ........................................................................... 6 Question 8: Does a consolidated list comprising all the persons and entities subject to international financial (freezing) sanctions exist? Modified on 30 September 2025 ..................................................................... 6 Question 9: What does the professional have to do in case of identifying a suspicion of money laundering or terrorism financing or an associated predicate offence or circumvention of financial sanctions (including attempted circumvention), in addition to its client being subject to international financial sanctions? Modified on 30 September 2025 ..................................................................... 7 Question 10: What should a financial sector professional do if a natural/legal person belonging to its business relationships is listed on the OFAC’s (Office of Foreign Assets Control) sanctions lists? Modified on 4 March 2021 .............................................................................. 7</p>\n<p>FAQ FREQUENTLY ASKED QUESTIONS REGARDING INTERNATIONAL FINANCIAL SANCTIONS 3 November 2025</p>\n<p>Question 11: What does “international financial sanctions”, in particular within the context of the fight against terrorist financing, mean? Modified on 4 March 2021 .............................................................................. 7 Question 12: Reporting deposits exceeding EUR 100,000 under article 5g of Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine, as amended and article 1z of Council Regulation (EU) No 765/2006 of 18 May 2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against Ukraine, as amended. To whom shall credit institutions communicate this information? Published on 30 September 2025 .................................................................... 7 Question 13: Where several professionals of the financial sector (e.g. registrar agent, depositary bank, intermediary involved with an investment fund, etc.) are contractually linked and involved in an activity, who is responsible for reporting financial restrictive measures’ cases to the Ministry of Finance and the CSSF? Published on 30 September 2025 ...........................................................</p>\n<p>The text above is the opening of the document; the PDF carries the whole.</p>\n<p><a href=\"https://www.cssf.lu/en/Document/faq-regarding-international-financial-sanctions/\" target=\"_blank\" rel=\"noreferrer\">Document page</a>, <a href=\"https://www.cssf.lu/wp-content/uploads/FAQ_International_financial_sanctions.pdf\" target=\"_blank\" rel=\"noreferrer\">PDF</a>. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.</p>"}