Anti-Money Laundering and Counter-Terrorism Financing for UCITS/AIFs

In light of the growing threat of terrorism, Counter-Terrorism Financing (CTF) is becoming a top priority for governments across the globe. Terrorism financing methods vary according to the needs and goals of terrorism organisations. They source their funds from both legal and illegal activities, using a large variety of evolving methods which make their detection and prevention all the more difficult for financial institutions and regulators.

As a result, the AML/CTF programmes of financial institutions, regulations, are imperative to achieving and sustaining governmental strategies to combat terrorism. Besides this, the local and international regulation is in constant evolution and increasingly demanding. Therefore, parties involved shall continuously keep updated their CTF procedures.

As part of this course, PwC's Academy offers to highlight your company's requirements regarding this topic and to address in a comprehensive and practical way the questions participants are confronted with in the light of their professional duties and the progressive evolution of AML and CTF.

By the end of this training, participants will be able to:

• identify the impacts of terrorism financing in their organisation;
• define their personal input inside their organisation to fight against terrorism financing;
• target the gaps in counter terrorism financing in their organisation;
• set up a risk-based approach relying on the different types of terrorism financing;
• extend the approach with an in-depth look to Luxembourg;
• explain the relevant methods in preventing terrorism financing.

• What is terrorism and terrorism financing? Defining and understanding terrorism financing
• How do terrorism organisations generate revenues? Learning through real cases all the different typologies of terrorism financing
• How do terrorism organisations move funds? Highlights on the main money transferring methods of terrorism organisations
• How can we fight terrorism financing from a regulatory point of view? Addressing tools and methodologies to prevent terrorism financing

An attendance certificate will be sent to participants.

This training is coordinated by Cécile Moser and Michael Weis, Partners at PwC Luxembourg and will be given by directors and managers who benefit from a strong professional experience in this area.

Cécile, AML Services Partner, is specialised in the financial sector of Luxembourg, with a particular focus on AML and CTF regulations and internal control environments.

She manages and performs regulatory mandated AML and CTF reviews, identifies AML and CTF control issues or deficiencies for private banks, custodians, transfer agents, investment funds and management companies.

Cécile also provides advice on AML and CTF methodology and helps to develop AML/CTF procedures in line with local laws and regulations.

Michael, Financial Crime Leader and Partner in the forensic services, gained extensive knowledge in the investment management and banking industries.

As a key member of the internal controls practice of PwC, Michael specialises in the review of internal controls in the context of SAS 70 reviews and controls reports. He is the manager of various high-profile client assignments on internal controls reports and on Anti-Money-Laundering (AML) in the investment management industry.

Within PwC, Michael takes a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is coordinating the PwC’s Academy's “Fight against financial crime” leading training programmes that regularly involve international subject matter experts (e.g. transparency international, UN Security Council, FATF, SCPC, FSA, CSSF etc.).

Through his professional qualifications he specialises in compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.