![Luxembourg's parliament is the 60-seat Chambres de Deputees. Photo: Wikimedia CC-BY-2.0. Luxembourg's parliament is the 60-seat Chambres de Deputees. Photo: Wikimedia CC-BY-2.0.](https://images.investmentofficer.com/cdn/ff/PWbaNwd1fPb4o-qFVlLsWFOKU0u5Xnns6052c1xnpBI/1720054177/public/styles/large/public/luxparliament.png?itok=vo1pcjkr)
Luxembourg has decided to establish a special anti-money laundering (AML) unit within its tax administration following parliamentary approval. The head of financial supervisor CSSF, meanwhile, expressed his concern over the use of ‘outdated systems’ at the AML teams of asset and wealth management firms.
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