Training Session

May 8, 2020
9:00 AM


May 8, 2020
1:00 PM
Where ?
Arendt House
41A, Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg
Who ?
Stéphanie Mével-De Paz
Stéphane Badey


This training aims at explaining the Anti-Money Laundering (AML) rules and professional obligations currently applicable to Luxembourg UCIs, management companies and other financial institutions dealing with investment funds and will focus on their practical implications. The training will also point out the latest developments related to the AML professional obligations resulting from recent (or upcoming) changes in the legislative framework and/or the case law at the time of the training and their impact on the practice of Luxembourg authorities and professionals. This training is dedicated to an experimented target audience.


Customer Due Diligence” (CDD) obligations: AML and CTF responsibilities in a fund related constellation, focus on the enhanced and simplified CDD measures (including correspondent/nominee relationship due diligence), recourse to a third party to carry out KYC duties, source of funds (definition and respective obligations)

Internal organisational requirements for UCIs, management companies and other financial institutions under the EU AML Directives, as implemented in Luxembourg

Practical approach to the obligation to cooperate with the relevant authorities (i.e. filing a suspicious transaction report, examples of suspicious elements, no tipping-off obligations (relationship UCI – service provider), dealing with freezing orders, examples of recent case law, etc.)

Development of good and bad AML practices on the basis of the latest activity report of the Cellule de Renseignement Financier and of the CSSF’s annual report

Impact of recent and upcoming developments in this field (e.g. 5th AML Directive) as well as their practical impact for Luxembourg financial institutions, such as for instance (depending on the date of the training):
- Modifications to the existing Luxembourg legislative framework (e.g. to the law of 12 November 2004 on the combat against money laundering and terrorist financing, as amended)
- Modifications to the European or international AML standards (e.g. ESA Guidelines or the FATF-GAFI recommendations)
- Development of the regulatory and prudential rules applicable to Luxembourg financial institutions (e.g. amendment of the CSSF AML regulation or other relevant circular letters)


Stéphane Badey (Partner, Arendt Regulatory & Consulting),
Stéphanie Mével-De Paz (Senior Advisor, Arendt Regulatory & Consulting).

Target Group

Experimented professionals in charge of front office, administration, legal and compliance functions in banks, management companies, self-managed investment companies or other professionals of the financial sector.


4 hours.






For any information, please contact us by e-mail

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Stéphane Badey

Stéphane Badey is a Partner at Arendt. Stéphane started his career in 1998 in the consulting practice of a Big Four company where he acquired extensive experience in regulatory and compliance matters in the fund management industry, before joining a leading asset servicing bank where he became Director Compliance Europe. He specialises in anti-money laundering regulations and advises clients on all aspects relating to their AML/KYC framework. Stéphane also has a particular interest in Environmental, Social and Governance (ESG) matters, especially on sustainability-related financial and regulatory aspects. He is an active member of ALFI, LPEA and EFAMA working groups on AML and ESG. Stéphane ...

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Arendt Regulatory & Consulting SA

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T (352) 26 09 10 1
F (352) 26 09 10 7750

Arendt & Medernach SA

41A, Avenue JF Kennedy L-2082 Luxembourg

T (352) 40 78 78 1
F (352) 40 78 04

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