Written in collaboration with Carla Santos, a member of The Blog team. In 2022, Luxembourg’s foreign direct investment stock accounted for 1,400% of its Gross Domestic Product (GDP), far exceeding the EU average of 62%. Moreover, the country’s financial and insurance sectors contributed about 23% to the national GDP, underscoring …
If you have been following the news, you are likely aware that Luxembourg’s neighbours—Belgium, France, Germany and the Netherlands—have been facing a number of terrorist attacks over the years. This and the current geopolitical situation call for an increased level of controls to counter terrorism financing. In this context, the …
Luxembourg is anti-money laundering (AML) and counter-terrorism financing (CTF) compliant. Both matters are, indeed, at the top of its agenda. This isn’t a recent commitment, rather, it dates back almost two decades. This article revisits the country’s developments on the matter. Unquestionably, the impact of money laundering (ML) and terrorist …
