Press release also available in French.

Founded in 1991, Lombard International Assurance (LIA) is the leading Luxembourg unit-linked life insurance provider, providing its clients and partners with compliant and sustainable solutions. It is also committed to positioning Luxembourg firmly as a secure financial marketplace.

Like all regulated financial institutions, the Company is regularly audited by its supervisor, the Commissariat aux Assurances (CAA). During a regular and planned audit undertaken by the CAA at the end of 2021, some historic procedural shortcomings were identified in LIA's anti-money laundering (AML) and counter-terrorist financing (CTF) diligence processes. LIA took immediate and comprehensive corrective actions to address the concerns raised, in full cooperation with the CAA, using the opportunity to further strengthen its diligence procedures and measures. This has notably included significant investment in:

  • Technology and processes: investment in the latest digital compliance software for advanced Know Your Customer (KYC) data processing and automated screenings.

  • Expertise: accelerating its existing recruitment plan of hiring additional experienced compliance professionals. The team and resources to tackle AML matters have been significantly reinforced.

  • Training and awareness: targeted additional training provided to employees, intermediary partners, and agents, ensuring full understanding and adherence to required policy application procedures.

The fine is in no way related to any money laundering or terrorism financing activities at LIA. LIA maintains a zero-tolerance stance against money laundering and terrorist financing, and adheres to all evolving legal and regulatory requirements.  Acknowledging the CAA findings and the corresponding administrative fine announced on 20 March, LIA remains focused on delivering sustainable growth and operational excellence, underpinned by a strong balance sheet and financial strength.  
At the core of its forward-looking strategy, LIA continues to invest in technology, digital solutions and talent development, all aimed at solidifying its presence, processes and service delivery in markets where it sees future growth potential.
The Company’s commitment to retain its leadership position remains steadfast, with a reaffirmed focus on serving its core European markets and deepening relationships with its stakeholders.

Media Enquiries:
Backstage Communications
Olivier Duquaine | +32 477 50 47 84 |
Jurgen Vluijmans |+32 476 28 36 41 |