AML/CFT Luxembourg - Directors and Senior Executives

Our proximity to financial institutions and the work of experts in our quality circles enables us to offer you content that is always up to date in a constantly changing regulatory environment.

Module 1 - Money Laundering

• Definition
• Predicate Offences
• Placement, Layering and Integration
• Scale of Money Laundering
• Social Impact of Money Laundering

Module 2 – Combating Terrorist Financing

• Definition
• Terror Attacks and Costs
• Vulnerable Organisations
• Comparison with Money Laundering

Module 3 – Proliferation Financing

• Definition
• UN Resolution
• Global Security
• Red Flags

Module 4 – Anti-Money Laundering

• Definition
• Global Stakeholders
• FATF
• FATF 40 Recommendations
• Mutual Evaluation
• FSRBs
• FIU Definition & Functions
• AML Summary

Module 5 – AML / CTF Basics

• Board Responsibility
• Compliance Responsibility
• Policies and Procedures
• Risk Based Approach
• Risk Levels
• Identification and Verification
• Beneficial Owners
• PEPS and Definition
• Screening Process and Challenges
• High Risk Jurisdictions
• Document Retention
• Suspicion
• Tipping Off
• Reporting
• Red Flags

Module 6 – Sanctions

• Client Screening
• Sanctions Definition
• Freezing Regime
• Screening Lists
• Screening Challenges
• Economic Sanctions

Module 7 – AML Consequences

• Global Penalties
• Causes for Penalties
• 5 Case Studies 2021
• Reputational Damage
• Impact on Employees

Module 8 – AML / CTF in the EU

• European Stakeholders
• EU Directives
• 4th Directive
• Consequences of the 4th Directive
• Enlarged Scope
• Risk Assessment
• Beneficial Owners
• EU Guidelines
• 5th Directive
• 6th Directive

Module 9 – AML / CTF in Luxembourg

• Mutual Evaluation 2010
• Mutual Evaluation 2022
• 2022 Assessment Criteria
• National Risk Assessment
• Local Stakeholders
• Local Laws
• Luxembourg Predicate Offences
• Register of Beneficial Owners
• Luxembourg Sanctions and Penalties
• CSSF inspections
• CSSF Fines and Penalties
• FIU Luxembourg

Module 10 – Tax Crimes

• FATF and Tax Crimes
• Tax Crimes as Predicate Offences
• Tax Offences
• Sanctions and Penalties
• 21 Common Indicators

Module 11 – Directors and Senior Executives

• AML Policies
• Director Worry List
• What is Compliance
• Director To Do List
• Assurance Function Communication

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