Financial Crime World

Luxembourg Financial Institutions Receive Compliance Training Boost from PwC Expert Michael Weis

Compliance training is crucial for financial institutions operating in Luxembourg to ensure they meet regulatory requirements and minimize the risk of financial crime. To cater to these needs, a comprehensive compliance training programme has been launched in the country, coordinated by Michael Weis, Partner at PwC Luxembourg.

Expertise of Michael Weis

Michael Weis, Financial Crime Leader and Partner in the forensic services department, has gained significant expertise in the investment management and banking industries. He is a key member of PwC’s internal controls practice and specializes in reviewing internal controls in the context of SAS 70 reviews and controls reports.

Experience and Expertise

  • Managed various high-profile client assignments on internal controls reports and Anti-Money-Laundering (AML) in the investment management industry
  • Coordinated PwC’s Academy’s leading training programme “Fight against financial crime”, featuring international subject matter experts such as Transparency International, UN Security Council, FATF, SCPC, FSA, and CSSF

Training Programme

The training programme, led by Michael Weis, will provide expert guidance on maintaining compliance with regulatory requirements and minimizing the risk of financial crime. The programme covers compliance-related topics including:

  • Internal controls frameworks
  • Fraud prevention/investigation
  • Anti-Money-Laundering (AML)

Benefits for Luxembourg’s Financial Institutions

By participating in this training programme, Luxembourg’s financial institutions will benefit from expert guidance on maintaining compliance with regulatory requirements and minimizing the risk of financial crime. This will help them to:

  • Stay up-to-date with changing regulatory requirements
  • Minimize the risk of financial crime
  • Improve internal controls and risk management practices

Conclusion

The comprehensive compliance training programme launched in Luxembourg, led by Michael Weis, PwC Partner, is a valuable resource for financial institutions operating in the country. With his expertise in compliance-related topics, Michael will provide expert guidance on maintaining compliance with regulatory requirements and minimizing the risk of financial crime.