Luxembourg Fights Against Terrorist Financing with Robust Compliance Measures

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A Leading International Financial Centre’s Proactive Approach

Luxembourg is committed to preventing the misuse of its financial system for terrorist financing and money laundering purposes. In its quest to establish itself as a leading international financial centre, the country has taken proactive measures to criminalize all offenses recommended by the Financial Action Task Force (FATF).

Comprehensive Three-Day Seminar on Anti-Terrorist Financing Compliance

A comprehensive three-day seminar is being offered to provide a solid foundation in anti-terrorist financing (ATF) compliance for professionals in the financial sector. The interactive program combines lectures, case studies, and exchange of views and experiences to educate participants on key aspects of ATF.

Objectives

• Provide an overview of European standards and Luxembourg’s AML/CTF laws and regulations
• Understand the stages and methods of money laundering and terrorist financing
• Gain knowledge of internal organization to reduce the risk of laundering and terrorist financing
• Understand key roles and responsibilities of all actors involved

Seminar Program

The seminar program covers a range of topics, including:

• Definition of money laundering and terrorism financing
• Role of financial institutions in combating these crimes
• Professional obligations of financial institutions
• Embargo and sanctions regulations
  • Best practices for managing detailed sectoral sanctions

Target Audience

The seminar is targeted at:

• Commercial bankers
• Financial institution employees
• AML and compliance officers
• Relationship managers
• Risk managers
• Internal auditors
• Junior officers from central banks and supervisory authorities

Course Materials and Exam

• Course materials will be available for download before the start of the course
• An optional exam can be taken upon request