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Fiscal fraud aggravated: new obligations for professionals

350 €

at 3.5 KM
PwC's Academy Follow

• Training
• Business
• Legislation
• Strategy
• Finance
• Legal
• Taxation
• Anti-money laundering

Introduction

Following the entry into force of the law of 23 December 2016, which amended in particular Article 506-1 of the Penal Code and CSSF Circular 17/650, professionals subject to anti-money laundering and financing obligations Terrorism (hereinafter 'AML / CFT') must now take into account new primary criminal offenses in tax matters in the context of their professional obligations, including due diligence and cooperation with the authorities. .

How to apply this new obligation to existing business relationships?
Does this new obligation relate to non-resident taxpayers?
What are the impacts on the internal organization of professionals?
objectives
At the end of the training, participants will be able to:

Recognize indicators of possible aggravated tax evasion or tax fraud
Understand the practical impact on the duty of care
Know the risks and sanctions in case of non-compliance

contents

1) Overview of the new regulation
Analysis of the consequences of the circular CSSF 17/650 on the risk assessment of money laundering and terrorist financing
Identification of the clues likely to reveal a possible laundering of a primary tax offense

2) Due diligence requirements
How to retranscribe these indices in the internal control system?
What are the due diligence requirements to avoid dealing with tax evasion funds?
3) Sanctions
What are the penalties for non-compliance?
Who are the people targeted?

4) Practical case
Industry-appropriate case
Our expert consultant

Pierre Kirsch is the Managing Director specializing in taxation in the financial services department of PwC Luxembourg.
Pierre has over 20 years of experience serving clients in the private banking and asset management sectors. During this time, he gained a thorough knowledge of their internal processes and was also familiar with the investment objectives of their high net worth clients.

Target audience
The fight against money laundering and the financing of terrorism is the responsibility of every employee. Nevertheless, it is the leaders who must lead by example.

Members of the Board of Directors and Management Committee of banks, financial sector professionals, insurance companies or management companies of Luxembourg UCIs

Internal auditors, compliance officers or risk managers
Distributors or transfer agents of a Luxembourg UCI
Domiciliary agents
Officers or members of the front office teams of a professional in the financial sector

Any employee of financial institutions