AML – CFT – focus on tax fraud/tax evasion, reporting and due diligence

Objectives

This training session ensures participants gain solid knowledge on specific AML/CFT topics, including tax aspects.

Content

Our legal expert teams up with a tax expert and will cover the following content:

Legal and regulatory topics:

• AML/CFT legal and regulatory update (including TFS and counter proliferation financing screening)
• AML/CFT Reporting
• Customer and asset due diligence
• Outsourcing and delegation mandates

Aggravated tax fraud and tax evasion topics:

• Overview of the new regulations:
  • Analysis of the impacts that CSSF Circular 17/650 will have on assessing the risks of money laundering and terrorist financing.
  • Explanation and practical examples of the indicators listed in Appendix 1 of the Circular.
• Due-diligence obligations:
  • How to note these suspicions in the internal control system.
  • What due-diligence obligations to apply to avoid dealing with funds derived from tax evasion.
• Penalties:
  • What are the penalties of failing to adhere to the regulations?
  • Who is affected by the regulations?

Our experts will provide practical examples and time for Q&A is foreseen.

Speakers

Our speakers belong to both our specialised and complementary teams ans as such, cover all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We kindly invite yo check our training agenda where the speakers are listed on each training session.

Target Group

We propose the above agenda to experienced professionals in charge of front office, administration, legal and compliance functions in management companies, self-managed investment companies and other professionals of the financial sector supervised by the CSSF.

We can also cater for a more junior audience.

Duration

2 hours.

We are pleased to amend the scope and duration according to the exact training needs and to the seniority of the audience. 

Languages

English, French (customised format).

For more information, please contact us by e-mail at  institute@arendt.com