Update on the eDesk Procedure for AML/CFT Market Entry Form for Funds and IFMs
The Commission de Surveillance du Secteur Financier (CSSF) has announced an important update regarding the eDesk procedure for the Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) market entry form applicable to funds and investment fund managers (IFMs). This update aims to streamline the process and enhance compliance measures.
Key Changes to the eDesk Procedure
- Enhanced User Experience: The updated eDesk interface is designed to be more intuitive, making it easier for users to navigate through the submission process.
- Improved Documentation Requirements: The CSSF has clarified the documentation needed for submissions, ensuring that all necessary information is provided upfront.
- Timely Processing: With these changes, the CSSF aims to reduce the processing time for applications, allowing for quicker responses to market participants.
Important Dates
The updated procedure will be effective from September 2025. All stakeholders are encouraged to familiarize themselves with the new requirements ahead of this date to ensure a smooth transition.
Next Steps for Stakeholders
Funds and IFMs should take the following actions:
- Review the updated eDesk guidelines provided by the CSSF.
- Prepare the necessary documentation in accordance with the new requirements.
- Engage with the CSSF for any clarifications or assistance needed during the transition.
Further Information
For more details on the updated eDesk procedure, please refer to the official communication from the CSSF:
We encourage all stakeholders to stay informed and prepared for these changes to ensure compliance and efficiency in the market entry process.
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