Compliance with sanctions
LuxCSD1 is strongly committed to ensure compliance with regulatory and legal obligations related to International Financial Sanctions, that is, laws, regulations, embargoes and other restrictive measures enacted or enforced by the United Nations Security Council, the European Union, but also and as the case may be by the United States Office of Foreign Assets Control (OFAC), the United Kingdom HM Treasury or by any other relevant jurisdictions.
In addition to the actions and measures LuxCSD has taken to comply with Financial Sanctions against Russia and Belarus, LuxCSD also reminds all its customers of their obligation to ensure compliance therewith when dealing with LuxCSD.
Accordingly, LuxCSD expects its customers to review their individual holdings (up to the beneficial holder) to ensure that they will not directly or indirectly perform activities through their account(s) with LuxCSD to support business of any person or country targeted by international financial sanctions that would result in the violation of these sanctions.
LuxCSD reminds all its customers about their obligation to disclose all assets held with LuxCSD on behalf of their customers that are targeted under the sanction regulations relating to Russia and Belarus (article 35 of the General Terms and Conditions for LuxCSD).
Further information
For further information, customers may contact LuxCSD Client Services or their Relationship Officer.
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1. LuxCSD refers to LuxCSD S.A., registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.