Luxembourg Takes a Risk-Based Approach to Anti-Money Laundering

Luxembourg has implemented a risk-based approach to anti-money laundering (AML) and combating the financing of terrorism (CFT), aimed at staying ahead of the evolving threats of money laundering and terrorist financing.

AML/CFT Obligations for Financial Institutions and Organizations

As part of this effort, the Luxembourg Financial Intelligence Unit (FIU) has intensified its supervisory activities, and regulatory expectations have become increasingly stringent. This means that companies operating in Luxembourg must demonstrate a robust understanding of their AML/CFT risks and implement effective controls to mitigate them.

Arendt’s Comprehensive Range of AML/CFT Services

To help businesses navigate this complex landscape, Arendt offers a comprehensive range of AML/CFT services tailored to meet the unique needs of each client. Our services include:

Framework and governance review
Risk assessment and risk-based approach
Training and awareness programs
Ongoing life cycle support
Response to regulatory inspections and sanctions

Assistance with Prevention, Detection, and Reporting of Money Laundering and Terrorist Financing Activities

We also offer assistance with:

Prevention strategies to avoid AML/CFT deficiencies
Detection methods to identify suspicious transactions
Reporting requirements for regulatory compliance
Mitigation and remediation strategies for companies facing AML/CFT deficiencies

Expertise in the Luxembourg Regulatory Environment

Arendt’s team of experts has extensive knowledge of the Luxembourg regulatory environment, providing strategic advice and support to clients operating in the country. With our help, businesses can ensure that they are adequately prepared to meet the challenges posed by money laundering and terrorist financing, and maintain a strong reputation for integrity and compliance.

Contact Us

For more information on how Arendt can assist with your AML/CFT needs, please contact us at [insert contact details].