AML predicate offense of aggravated tax fraud and tax swindle: how to detect and assess tax fraud indicators?

Combien de temps dure la formation ?

2,00 heure(s)

2h for specialists, 1h for board members and C-suite.

Dans quelle(s) langue(s) la formation est-elle donnée ?

DE EN FR

Quand a lieu la prochaine session ?

Qui organise cette formation ?

PwC Academy fait levier sur l'expertise de PwC pour offrir aux organisations de tous secteurs et régions des expériences pédagogiques de premier ordre. Notre objectif est d'aider à développer les connaissances, les aptitudes, les compétences et l'expertise des professionnels pour accompagner leurs organisations dans leur développement.

Le contenu de cette page n'est pas disponible en français

À qui s’adresse la formation ?

Members of the boards of directors and executive boards of banks, financial-sector professionals, insurance companies and Luxembourg UCI management companies
Internal auditors, compliance officers and risk managers
Distributors and transfer agents of Luxembourg UCIs
Domiciliation agents
Leaders and team members of front offices of financial-sector professionals
All employees of financial institutions

Quels sont les objectifs poursuivis ou les compétences visées ?

Following the entry into force of the Law of 23 December 2016, which amended (among others) Article 506-1 of the Criminal Code, and the CSSF circular 17/650, professionals subject to requirements regarding the fight against money laundering (AML) and terrorism financing must now take into consideration predicate criminal tax offences when carrying out their professional duties, in particular client due diligence and cooperating with the authorities.

Among other things, all these changes have led to questions such as:

How should professionals apply this obligation to existing business relationships?
Does it affect non-resident taxpayers?
How does it impact professionals of internal organisational structures?

By the end of this training, participants will be able to:

detect the negative indicators of aggravated tax fraud or tax swindle;
identify the impacts of the due diligence obligations;
list the risks and penalties of breaching the requirements.

Quel est le contenu de la formation ?

1. Overview of the new regulations

Analysis of the impacts that the CSSF circular 17/650 will have on assessing the risks of money laundering and terrorism financing
Explanation and practical examples of the indicators listed in appendix 1 of the circular

2. Due diligence obligations

How to note suspicions in the internal control system
What due diligence obligations to apply to avoid dealing with funds derived from tax evasion

3. Penalties

What are the penalties of failing to adhere to the regulations?
Who is affected by the regulations?

4. Practical cases

Case study adapted to the industry

Quelles informations supplémentaires sont utiles à savoir ?

This training will be coordinated by Pierre Kirsch, Partner at PwC Luxembourg.

Pierre Kirsch is a partner in the Luxembourg financial services tax practice with over 30 years of experience serving clients in banking, insurance, and asset management. He leads a team specialising in tax compliance analysis for onboarding banking clients and investors into complex alternative fund structures. Pierre and his team advise financial sector actors in Luxembourg and internationally, helping clients review onboarding and tax reporting processes, implement controls, and define organisational roles. He contributed to establishing PwC Regulated Solutions S.à r.l., managing daily operations, and supports PwC’s financial services clients with consulting and reporting on operational taxes including FATCA, CRS, QI, and CbCR.