Financial Crime World

Luxembourg Takes a Stand Against Terrorism Financing

Strengthening Measures Against Money Laundering (AML) and Terrorism Financing

In an effort to fortify its defenses against money laundering (AML) and terrorism financing, Luxembourg’s financial sector is undergoing a significant overhaul. The government has announced plans to impose stricter sanctions on individuals and organizations found to be non-compliant with AML regulations.

PwC Academy Offers Comprehensive Training Program

To equip financial professionals with the necessary knowledge and skills to combat terrorism financing in Luxembourg, PwC Academy is offering a two-hour training program. This comprehensive course covers essential topics such as:

  • Legal requirements for combating money laundering and terrorism financing
  • Risk-based approaches
  • Customer due diligence
  • Transaction monitoring

Target Audience

The training program is designed specifically for:

  • Executives working in the financial sector
  • Compliance officers
  • Internal auditors
  • Insurance companies
  • Management companies of Luxembourg UCI funds
  • Distributors or transfer agents
  • Domiciliary agents

Participants will learn how to:

  • Identify the impacts of new regulatory requirements on their organization
  • Set up a risk-based approach
  • Develop an internal AML framework

Expert Facilitators

The program is led by Cécile Moser and Michael Weis, both Partners at PwC Luxembourg with extensive experience in AML and CTF regulations and internal control environments. The training will be interactive, featuring:

  • Practical examples
  • Multiple-choice questionnaires
  • Case studies

Course Details

The course is available in English, French, and German, with supporting materials only available in English. It can accommodate up to 20 participants and costs €410 per person.

Show Interest List

For those interested but unable to attend a scheduled session, PwC Academy offers the option to be added to their Show Interest list.

Conclusion

By investing in this training program, financial professionals can gain the knowledge and skills needed to play a vital role in combating terrorism financing in Luxembourg. Join the fight against financial crime today!