AML/CTF: Key regulatory updates and industry trends incl. EU AML Action Plan, AMLD6
In May 2020, the European Commission (EC) published its new AML/CFT action plan seeking to create common standards, common application, and common supervision of EU rules in a more standardised manner. The AML action plan refers to the enforcement of existing rules, a single rulebook for EU Member States, a new EU AML authority, coordination and support mechanism for FIUs, law enforcement and information sharing and a role for the EU at a global level. It's detailed requirements have been published in July 2021. In addition there are related updates to regulations and industry trends that have occured recently and are expected to to happen in the coming months.
By the end of this training, you will be get an comprehensive overview on recent regulatory updates and trends based on the European Directives as well as the EU action plan on AML and its potential implications.
This training covers the new regulatory updates like EU AML6D, EU Action Plan AML, AMLA, latest AML/CTF circulars, CSSF regulations and legal updates.
We will also be discussing industry trends around asset screening, risk appetite statements and alike.
A qui s'adresse la formation?
The AML regulations apply to all "obliged entities" as defined in Article 2.1 of the amended law 12 November 2004:
- credit institutions
- financial institutions
- external accountants and tax advisors
- notaries and other independent legal professionals (under specific conditions)
- trusts or company service providers
- estate agents
- traders in goods making or receiving payments above EUR 10.000
- and providers of gambling services
An attendance certificate will be sent to participants.