Anti-money laundering investment funds series (4 modules)

A compilation of comprehensive learning solutions, bespoke training sessions, specialised workshops and coaching sessions.


This series consists of 4 modules. Attendance of all of them is possible and recommended, but not mandatory.

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

  • Understand the anti-money laundering and countering the financing of
    terrorism (AML/CFT) legal and regulatory framework applicable to Luxembourg
    funds, management companies and other financial institutions
    dealing with investment funds and their practical implications
  • Point out the latest legal and regulatory developments related to AML/CFT;
  • Understand how roles and responsibilities are allocated with service
    providers and delegates
  • Determine the key elements of an adequate organisation, notably the
    roles and responsibilities of the person responsible for compliance with
    AML/CFT (RR) and the person responsible for the control of compliance
    with AML/CFT (RC)
  • Identify the latest trends in terms of CSSF supervision and the key elements
    of CSSF off-site and on-site inspections
  • Be aware of their obligations when cooperating with the authorities,
    including the no-tipping off rule and suspicious cases reported to the
  • Identify, assess and understand the ML/TF risks in the fund industry
  • Take into consideration the ML/TF risks when designing their risk appetite
  • Identify the key topics that shall be covered in the AML/CFT policies
    and procedures
  • Understand the due diligence obligations on the investor and investment
    sides, using a risk-based approach
  • Be aware of the ongoing monitoring obligations and rules that may be
    implemented to meet these obligations
  • Understand how to carry out oversight over delegates
  • Understand the key principles underpinning the building of a KYC checklist
  • Understand targeted financial sanctions and proliferation financing obligations


MODULE 1 – AML/CFT framework and allocation of roles and responsibilities (1 hour)

  • Good reasons to take AML/CFT obligations seriously
  • What is new in the legal and regulatory framework?
  • Allocation of roles and responsibilities
  • Internal organisation, including the roles and responsibilities of the RR
    and the RC
  • External supervision
  • Cooperation with the authorities, including no-tipping off rule and typologies
    of ML/TF suspicion cases


MODULE 2 – Identifying, assessing and understanding the ML/TF risks (1 hour)

  • ML/TF threats within the collective investment sub-sector
  • Focus on products, services and transactions
  • Focus on customers i.e. investors
  • Focus on delivery channels
  • Focus on countries and geographical areas
  • Focus on the asset (investment) side
  • Focus on tax predicate offence indicators
  • Measuring the risks and defining your ML/TF risk appetite


MODULE 3 – Mitigating your ML/TF risks (1 hour)

  • AML/CFT policy and internal procedures
  • Risk-based approach / customer and asset due diligence
  • Ongoing monitoring rules – suspicious transactions monitoring
  • Performance of due diligence by third parties
  • Building your KYC checklists
  • General conclusion


MODULE 4 – International financial sanctions (1 hour)

  • Targeted financial sanctions and proliferation financing
  • Key specificities
  • The costs of non-compliance
  • Applicable financial sanctions regimes
  • What are your professional obligations?
  • Optimising your sanctions framework


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

Target Group

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.


1 hour per module


English, French, German.


For any information, please contact us by e-mail