AML/CTF: key regulatory updates and industry trends incl. EU AML action plan, AML6D

In May 2020, the European Commission (EC) published its new AML/CFT action plan seeking to create common standards, application, and 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 since and are expected to be implemented.

By the end of this training, participants will have a 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 course is an advanced module designed for people who are already familiar with the AML concepts and regulation.

• 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 discuss industry trends around asset screening, risk appetite statements and alike.

An attendance certificate will be sent to participants.

This training is coordinated by Cécile Moser and Michael Weis, Partners at PwC Luxembourg

Cécile, AML Services Partner, is specialised in the financial sector of Luxembourg, with a particular focus on AML and CTF regulations and internal control environments.

She manages and performs regulatory mandated AML and CTF reviews, identifies AML and CTF control issues or deficiencies for private banks, custodians, transfer agents, investment funds and management companies.

Cécile also provides advice on AML and CTF methodology and helps to develop AML/CTF procedures in line with local laws and regulations.

Michael leads PwC’s Forensic Services practice and AML taskforce, overseeing investigations, remediation projects, and high-profile AML audits for banks and investment funds. He is the key contact for AML distribution due diligence in asset management and works closely with PwC’s global forensic network on international projects. As certified fraud examiner, Michael is recognized as an AML and forensic expert and actively contributes to industry working groups on fraud at the Institute of Internal Auditors (IIA) and the Institut Luxembourgeois des Administrateurs (ILA). He regularly conducts workshops and training on AML and fraud in Luxembourg and abroad..