AML - KYC - Webinars - CSSF requirements applicable to AIFMs and Management Companies

There are no pre-requisites to take part in this course.

Part 1:

• Set up an adequate internal organisation (Compliance with CSSF requirements)
• Define and organise the tasks of the RC and RR (practical methodology)
• Get familiar with the latest legal and regulatory developments in the AML/CTF field

Part 2:

• Apply Due Diligence requirements (asset side & liability side) in compliance with CSSF requirements
• Define your ML/TF risk appetite and formalise your overall risk analysis
• Comply with requirements related to international financial sanctions lists (screening)

Part 1:

• New legal and regulatory developments in the AML/CTF field (financial sector)
• Clarifications arising from CSSF Regulations and Circulars concerning the obligations of adequate internal organisation
• The key requirements that AIFMs and Management Companies should consider regarding AML/CTF requirements
• The essential elements to consider in your AML/CFT procedure
• The roles and responsibilities assigned to the RC and the RR
• Presentation of a concrete methodology for organising and managing RC missions (+ presentation of an application for managing RC missions)
• The CSSF’s expectations in terms of AML/CTF training and awareness-raising
• The CSSF’s AML/CTF approach
• Obligations to cooperate with the CSSF and the FIU (declarations, requests for information, notion of immunity and GoAML tool)
• Applicable penalties and means of recourse
• Case law specific to the financial sector
• Interactive quiz
• Question and answer session

Part 2:

• New legal and regulatory developments in the AML/CTF field (financial sector)
• Clarifications arising from CSSF Regulations and Circulars concerning customer due diligence requirements
• Due diligence requirements to adopt (asset side vs liability side)
• AML/CTF supervision of delegates
• Supervision of distributors (4 types of distributors)
• Definition of ML/TF risk appetite
• Overall ML/TF risk assessment – practical advice and information to consider (Laws, Circular, VRA, NRA …)
• Customer due diligence requirements
• Identification & identity verification of clients, proxies and beneficial owners
• Risk-based approach and risk analysis specific to each customer
• Concrete examples of higher risk indicators
• Allocation of an adequate vigilance level (standard, simplified or enhanced)
• Ongoing monitoring of transactions and business relationships (KYC & KYT)
• Obligations relating to international financial sanctions lists (screening)
• Interactive quiz
• Question and answer session

The course includes interactive quizzes and is followed by a question and answer session.

The training course includes a certificate of attendance and course materials.

A certificate of attendance will be awarded at the end of the course. The certificate of attendance is issued by ARCAD S.A., an accredited continuing professional training organisation.

Interactive webinar training (live video conferencing).

We use the Cisco Webex application for our webinar training. It is possible to join the training from the webex application or from a web browser.

Each learner will receive an e-mail 3 days before the training date containing all the information needed to join the course.

Registration: https://www.arcad.support/CRM_arcad?page=2