Key Takeaways Bill 8722 passed in July after fraudsters stole $70 million from the charity Caritas in 2024. In 2024, Luxembourg police logged 6,382 fraud cases as FIU scam reports surged by 32%. FIU Director Max Braun led training on Aug. 6 prior to the law entering force two days later. Targeting Crypto Loopholes Luxembourg is adding cryptocurrency exchanges to its emergency financial alert system under new anti-fraud legislation taking effect Aug. 8, extending broad asset-freezing notices beyond traditional banks as part of a crackdown on high-profile corporate scams. According to a report, the law, Bill 8722, gives the nation’s …