Preventing Money Laundering and Terrorist Financing – New developments
Objectives
At the end of the course, participants will:
- Be aware of current developments and trends around AML/CFT issues
- Be in a position to measure the impact of these changes on their internal
practices - Have an up-to-date understanding of the most important primary offences
Content
- Legislative changes
– Amendments to the law of 12 November 2004 on the fight against money
laundering and terrorist financing (laws of 25 February 2021 and 20 May 2021)
– Implementation of the law of 10 July 2020 creating a register of fiducies
and trusts
– Law of 17 December 2021 amending the Criminal Code
- Development of good (and not-so-good) AML/CFT practices based on
practical experience in the financial centre, case law, the latest activity reports
from the Financial Intelligence Unit and the annual CSSF report
– Impact of recent and future developments in international and European
AML/CFT standards, regulatory and supervisory developments and authoritative
industry recommendations
– International sanctions
- New AML/CFT obligations following the creation of new categories of
primary offences (presentation of primary offences in the field of tax fraud, application
of obligations over time, new money laundering indicators, penalties)
The content of the training presentation is subject to change based on future legislative and regulatory developments and the implementation of measures into Luxembourg law.
Speakers
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
Those familiar with basic anti-money laundering and anti-terrorist financing rules who wish to deepen their knowledge
Duration
2 hours.
Language
English, French
For more information please contact us by e-mail institute@arendt.com