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“A ‘no’ uttered from deepest conviction is better and greater than a ‘yes’ merely uttered to please, or what is worse, to avoid trouble.” – Mahatma Gandhi

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  • Writer's pictureTracey McDermott

CSSF Press Release 17/44 - Panama Papers: Results of the CSSF’s analysis and subsequent enforcement

"The CSSF will continue to firmly request and enforce the principle that Luxembourg banks, investment firms and other professionals in the financial sector thoroughly follow the professional obligations in the future, specifically with regards to the prevention of money laundering (including all elements relating to newly introduced primary offences) and will draw the appropriate consequences if they fail to do so, as was the case in the past". For more details see :

http://www.cssf.lu/fileadmin/files/Publications/Communiques/Communiques_2017/PR1744_panama_papers_201217.pdf

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