Training Session
Tuesday
Feb 2, 2021
2:00 PM
To
Tuesday
Feb 2, 2021
4:00 PM
Where ?
N/A
Who ?
Speakers
Objectives
This series consists of 2 modules of 2 hours. Attendance to both of them is possible and recommended, but not mandatory.
By the end of the live online training series, the participants will be able to:
- Explain 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
- 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 in regards of:
- Customer Due Diligence" (CDD) obligations
- Internal organisational requirements
- Practical approach to the obligation to cooperate with the relevant authorities
- 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
Content
- Good reasons to take AML/CFT seriously
- What is new in the Legislative and Regulatory framework?
- Focus on RBE
- Focus on identification of BO
Different parties involved in AML/CFT
- Entities in scope of the AML/CFT Law
- Allocation of the responsibilities
- Internal supervision
- External supervision
Cooperation with the authorities
- Active cooperation
- Passive cooperation
- Applying CSSF's identified AML/CFT best practices
Speaker(s)
Claire Guilbert (Counsel, Investment Management, Arendt & Medernach).
Target Group
Experienced 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.
Duration
2 hours.
Language
English
Price
€300
Discount of 100 € applies to training date 2 (2 hours course) if attendance to the full series of overall 4 hours (same participant of an organization). We apply rebates only to belong together series (e.g. "series 1")
Point of attention
We will ask attendees to complete a quiz a few weeks after the session. We send training attendance certificates in case participants attended the complete session and completed the quiz.
This module is part of the "AML investment funds series". Attendance to the complete series is possible but not mandatory. Module 3 and 4 take place on 09.02. Please refer to our training agenda to view the description and dates of the other modules.
