AML/CFT Luxembourg

This e-learning course covers anti-money laundering and combating terrorist financing within the Luxembourg laws, regulations and circulars. This course is

• Suitable for allusers
• Available in English and French

There are 3 core objectives of this interactive E-learning course:

You gain a basic understanding as to what money laundering and terrorist financing are. We also look at the impact that these activities have on society as a whole.
You gain an appreciation of the stakeholders, laws and regulations concerning anti-money laundering and combating terrorist financing in the EU and Luxembourg.
We look at the potential impact that non-compliance with the laws could have on you or your organisation.

Module 1 - Money Laundering
• Definition
• Predicate Offences
• Placement, Layering and Integration
• Scale of Money Laundering
• Social Impact of Money Laundering
Module 2 – Combating Terrorist Financing
• Definition
• Terror Attacks and Costs
• Vulnerable Organisations
• Comparison with Money Laundering
Module 3 – Proliferation Financing
• Definition
• UN Resolution
• Global Security
• Red Flags
Module 4 – Anti-Money Laundering
• Definition
• Global Stakeholders
• FATF
• FATF 40 Recommendations
• Mutual Evaluation
• FSRBs
• FIU Definition & Functions
• AML Summary
Module 5 – AML / CTF Basics
• Board Responsibility
• Compliance Responsibility
• Policies and Procedures
• Risk Based Approach
• Risk Levels
• Identification and Verification
• Beneficial Owners
• Relationship Factors
• Source of Funds
• Source of Wealth
• PEPS and Definition
• Screening Process and Challenges
• High Risk Jurisdictions
• Document Retention
• Suspicion
• Tipping Off
• Reporting
• Red Flags
Module 6 – Sanctions
• Client Screening
• Sanctions Definition
• Freezing Regime
• Screening Lists
• Screening Challenges
• Economic Sanctions
Module 7 – AML Consequences
• Global Penalties
• Causes for Penalties
• 5 Case Studies 2021
• Reputational Damage
• Impact on Employees
Module 8 – AML / CTF in the EU
• European Stakeholders
• EU Directives
• 4th Directive
• Consequences of the 4th Directive
• Enlarged Scope
• Risk Assessment
• Beneficial Owners
• EU Guidelines
• 5th Directive
• 6th Directive
Module 9 – AML / CTF in Luxembourg
• Mutual Evaluation 2010
• Mutual Evaluation 2022
• 2022 Assessment Criteria
• National Risk Assessment
• Local Stakeholders
• Local Laws
• Whistleblowing Law
• Luxembourg Predicate Offences
• Register of Beneficial Owners
• Luxembourg Sanctions and Penalties
• CSSF inspections
• CSSF Fines and Penalties
• FIU Luxembourg
Module 10 – Tax Crimes
• FATF and Tax Crimes
• Tax Crimes as Predicate Offences
• Tax Offences
• Sanctions and Penalties
• 21 Common Indicators

There is a 10 question knowledge check at the end of the e-learning course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.