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Aml for investment funds (advanced session): from risk assessment to implementing measures

470 €

at 3.4 KM
Arendt Follow

• Training
• Investment
• Investment Funds
• Finance
• English
• Anti-money laundering

Goals
This training aims to explain the rules and professional obligations in the fight against money laundering (AML) currently applicable to Luxembourg UCIs, management companies and other financial institutions dealing with investment funds, and focus on their practical implications. The training will also present the latest developments in AML professional obligations resulting from recent (or future) changes to the legislative framework and / or case law at the time of the training and their impact on the practice of the authorities. Luxembourg professionals. . This training is dedicated to an experienced target audience.
contents
"Customer Due Diligence" (CDD): AML and FTP responsibilities in a fund constellation, focusing on improved and simplified CDD measures (including due diligence on correspondent relationships) and agents), use of a third party to fulfill KYC's obligations, source of revenue funds (definition and respective obligations)
Internal organizational requirements applicable to UCIs, management companies and other financial institutions within the meaning of the European anti-money laundering directives, as implemented in Luxembourg
Practical approach to the obligation to cooperate with the competent authorities (submission of a suspicious transaction report, examples of suspicious elements, absence of obligation to provide information (UCI relationship - service provider), processing of restraint orders examples of recent case law, etc.)
Development of good and bad anti-money laundering practices based on the latest activity report of the Financial Intelligence Unit and the CSSF annual report
Impact of recent and forthcoming developments in this area (eg the Fifth AML Directive) and their practical impact on Luxembourg financial institutions, for example (depending on the date of the training):
- Amendments to the Luxembourg legislative framework in force (for example, the amended law of 12 November 2004 on the fight against money laundering and the financing of terrorism)
- Amendments to European or international anti-money laundering standards (eg ESA guidelines or FATF-FATF Recommendations)
- Development of regulatory and prudential rules applicable to Luxembourg financial institutions (for example amendment of the CSSF AML regulation or other relevant circular letters)