Led by:
Pierre-Michaël de Waersegger
Partner
Frédéric Schmit
Counsel
Did you know that a simple error in managing client data can lead to criminal consequences and damage your reputation? This training explains the requirements of Luxembourg’s professional secrecy, a unique and essential obligation for those in the financial sector. You will learn how to identify protected data, avoid breaches, understand the applicable penalties and master the legal exceptions, while navigating between national and European rules with precision. By the end of this course, you will know how to apply best practices to ensure the confidentiality of information.
- Define professional secrecy in Luxembourg and identify those subject to it
- Identify which data is protected and when a breach occurs
- Identify the penalties that apply in the event of a breach
- List the legal exceptions that permit the sharing of data
- Obtain valid consent from the client for certain data transfers
The course is divided into the following key sections:
- Introduction and learning objectives
- General principles of professional secrecy
- Protected data and criteria for breach
- Penalties and consequences in the event of a breach
- Statutory and case law exceptions to professional secrecy
- Client consent and implementation
- Final knowledge assessment (10-question quiz)
- Conclusion
Our fully digital learning programme features:
- Advanced interactivity: includes activities and scenarios
- Flexibility: learn at your own space and time
- Modernity: light course design
- Final Assessment: summary of essential knowledge
45 minutes
This e-learning course is designed for credit institutions, investment firms and professionals of the financial sector, payment institutions and electronic money institutions, as well as insurance undertakings and professionals of the insurance sector.
