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Fight against money laundering and the impacts of the 5th Directive (session in French)

500 €

Arendt Follow

• Workshop
• Training
• Webinar
• Anti-money laundering

Goals :

This French language training aims to explain the rules against money laundering and the financing of terrorism ("AML-CFT") and the professional obligations currently applicable to Luxembourg financial institutions and will focus on their practical implications. The training will in particular highlight the main changes and practical impacts of the implementation of the 5th AML Directive in Luxembourg law by the law of 25 March 2020 amending the law of 12 November 2004 on the fight against money laundering and the financing of terrorism. The aim of the training is also to be very practical and will therefore also focus on the administrative practice of the CSSF and on a number of practical examples.

Contents:

- Definitions and illustrations of key concepts
- Approach based on risks and risk factors
- Know Your Customer Obligations ”(KYC): practical focus on the definition of the beneficial owner (also in line with the recent CSSF circular 19/732
and recent developments in CSSF regulation 12/02), customer due diligence measures
- Internal organizational requirements for financial institutions
- Practical approaches to the obligation to cooperate with the competent authorities (for example, filing of a suspicious transaction report, practical case studies, no obligation to inform, treatment of freezing orders, examples of recent case law , etc.)
- Evolution of good and bad AML practices on the basis of the latest activity reports of the Financial Intelligence Unit, the annual report of the CSSF, the administrative practice of the CSSF and case law precedents