Luxembourg is a founding member of the Financial Action Task Force on Money Laundering (FATF).
Legislation in Luxembourg is strict and intransigent as regards money laundering and the financing of terrorism, and, on certain points, goes beyond provisions provided by international regulations and recommendations.
Consequently, insurance companies are obliged to identify the clients with whom they come into contact and have a duty to examine transactions diligently and thoroughly in order to preclude the risk of laundering. The company also has a duty to cooperate fully with supervisory authorities. It is also obliged to inform them, on its own initiative, of the details regarding any transaction suspected to be related with laundering operations or the financing of terrorism.
Euresa-life has put all necessary procedures for identification of the type of operations carried out in place. We refuse any contract that may be connected with FATF blacklisted countries. Also, in the case of all deposits, we require clients to fill in a client profile the purpose of which is to find out more about the policyholder and the reason for his or her investment.