(Banking audience) 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

1. 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

        2. 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

         3. 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

Glenn Meyer (Partner, Banking & Financial services)

Frédéric Schmit (Senior Associate, Banking & Financial services)

Target Group

Professionals in charge of front office, administration, legal and compliance functions in banks or other professionals of the financial sector.

Duration

2 hours 

Language

English 

Price

€300

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