Avoiding Compliance Pitfalls Under CSSF Circular 18/698

Is your Firm Prepared ?

Regulatory scrutiny in Luxembourg continues to intensify, and financial institutions must stay proactive to meet the requirements of CSSF Circular 18/698. Failing to do so can result in significant consequences, including sanctions, reputational damage, and operational disruptions. But how confident are you that your firm is ready ?

Here are some of the most common pitfalls that financial institutions encounter

• Incomplete or outdated compliance frameworks - Are your policies regularly reviewed and aligned with the latest regulatory expectations ?

• Insufficient or disorganized documentation - Can you provide clear, consistent, and readily accessible records to regulators when requested ?

• Weak conflict of interest management - Do you have robust controls in place to identify, assess, and mitigate risks effectively ?

• Inadequate compliance monitoring - Are you tracking obligations systematically, or are you still relying on inefficient manual processes ?

Ensuring compliance isn't just about ticking boxes - it's about safeguarding your firm's reputation and operational resilience.

How can Osmia Consulting help you ?

• Compliance Framework Assessment: Identify gaps and align processes with CSSF Circular 18/698.

• Internal Audits & Reviews: Stay audit-ready with independent compliance checks.

• Tailored Training Programs: Equip your teams with the latest compliance best practices.

Stay ahead of regulatory challenges

Partner with Osmia Consulting to build a Resilient Compliance Framework that protects your company. Contact us today to learn more about how we can support your compliance needs and help you stay confidently ahead of regulatory requirements.