AML/CFT news (EN)

Intervenant : Thierry Pouliquen

Objective :

This course aims to provide a comprehensive overview of the legal framework and requirements for combating money laundering in Luxembourg, as well as recent developments in this area.

Content :

The training covers the prevention of money laundering as defined by the FATF recommendations and European directives, national laws and regulations, as well as the practical implications for insurance professionals.

Topics such as risk self-assessment, customer due diligence obligations and cooperation with the authorities are covered in detail, with illustrations and concrete examples.

Points covered :

• Brief history and development of preventive anti-money laundering legislation in Luxembourg.
• Relevant Luxembourg national laws and regulations.
• New legislative and regulatory developments.
• Implications for insurance professionals.
• Professional obligations to prevent money laundering: BC-FT (Money Laundering and Terrorist Financing) risk assessment, customer due diligence obligations, cooperation with the FIU and the supervisory authority, geographical risk categorisation, supranational references and assessments, focus on the identification and verification of beneficial owners.
• Restrictive measures and international financial sanctions: what are the obligations of economic operators in the insurance sector?
• The future of supervision.
• Penalties for non-compliance with preventive legislation and whistleblowing procedures.