Anti Money Laundering & Counter-Terrorist Financing (AML & CTF)

An wen richtet sich die Weiterbildung?

Junior AML and Compliance Officers of banks and financial institutions
Relationship Managers in contact with the customers, Risk Managers and Internal Auditors
Junior Officers dealing with these matters at a supervisory level

34,00 Stunde(n)

The overview of European standards and of Luxembourg AML/CTF laws and regulations

Money Laundering steps & Terrorism Financing funding
The fight against ML & TF at international level:
- FATF
- Other international bodies
- EU directives
The role of the financial institutions in the fight against ML & TF
The professional obligations of the financial institutions:
- The obligation to customer due diligence measures
- Identification of customer
- Identification of beneficial owner
- Identification of the relationship
- Monitoring of the transaction
- Enhanced & simplified due diligence
- Reliance on third parties
The obligation to cooperate with the authorities
- Cooperation on demand
- Cooperation on own initiative
- Transmission of information
- Prohibition against informing the customer
- Prohibition against carrying out a suspect transaction
The obligation to have an appropriate internal organisation: Implementation of AMLPrograms
Case studies throughout the programme
Lecture on the risk based approach in the Luxembourg fund industry
Examination: Written examination based on a Multiple Choice Questionnaire