Anti-Money Laundering (AML) and Know Your Customer (KYC) for PFSs in Luxembourg

This training is intended for all professionals in the Luxembourg financial sector, particularly senior management and staff working in Compliance, KYC, Risk Management, Internal Control, Human Resources, Administration, and Operations, as well as anyone involved in implementing or monitoring anti-money laundering and counter-terrorist financing (AML/CFT) obligations.

This training presents the Luxembourg legal and regulatory framework for combating money laundering and the financing of terrorism (AML/CFT), as applicable to professionals of the financial sector (PFS). It covers money laundering offences, the role of the Financial Action Task Force (FATF), as well as professional obligations relating to Know Your Customer (KYC), customer due diligence, cooperation with the authorities, international financial sanctions, and funds transfers. It also addresses the main warning signs and analyses cases involving sanctions published by the CSSF (Commission de Surveillance du Secteur Financier).

Upon completion of the training, participants will be able to:

• Identify the appropriate measures for cooperating with the competent authorities and reporting suspicious transactions.
• Identify the main Luxembourg legal and regulatory texts applicable to combating money laundering and the financing of terrorism.
• Explain the role of the FATF, money laundering offences, and the responsibilities of regulated professionals.
• Apply customer due diligence and KYC procedures, as well as the requirements relating to international financial sanctions and funds transfers.
• Analyse warning signs and suspicious situations based on a review of cases and sanctions published by the CSSF.
• Identify the appropriate measures for cooperating with the competent authorities and reporting suspicious transactions.

• The main Luxembourg legal and regulatory texts currently in force.
• The professions subject to AML/CFT obligations.
• Money laundering offences.
• The role of the Financial Action Task Force (FATF).
• Professional obligations, including customer due diligence, cooperation with the authorities, international financial sanctions, and information accompanying funds transfers.
• Red flags relating to anti-money laundering and counter-terrorist financing (AML/CFT), and cases published by the Financial Intelligence Unit (FIU).

The attendance certificate can be downloaded 24 hours after the training course via your client portal.