AML/CFT news

For non-members of APCAL, payment for the course must be made before registration is confirmed.
If you have any questions regarding invoicing, please contact us at formation@apcal.lu

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.

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.

• 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.

Interactive presentations:

• Use of visual presentations to explain key concepts.
• Integration of interactive elements such as Q&A sessions and discussions to maintain participant engagement.

Knowledge quiz with a few questions in the form of multiple choice questions introduced at the start of the session.
Certificate provided at the end of the session, subject to completion of the quiz.

Certificate provided at the end of the session, provided that the quiz has been completed and returned within the deadline.

• PowerPoint
• Course materials provided after the session

An email is sent the day before the training with the details of the video conference.

Good practices:* Arrive 5 to 10 minutes before the training

• Before the training: do an audio/video test (all too often video conferences lose 10 to 15 minutes due to connection problems)
• Be on time for the start of the training

Some recommendations:* Use headphones

• Be in a quiet environment
• Have a good internet connection
• Turn off your mobile phone for the duration of the training
• Avoid doing several things at the same time
• Be punctual
• Sit in a secluded and convenient place for your cables and taking notes.
• Isolate yourself from any kind of distraction and noise for the duration of your training.
• Settle into a dedicated space, an office for example, and make sure to lock the door when you work - so that your colleagues don't pop in unexpectedly;)