Financial Crime World

Preventing Financial Crime: PwC Luxembourg Launches Training Program

In a bid to combat financial fraud, PwC Luxembourg has launched a training program aimed at preventing financial crime. The training, coordinated by Michael Weis, Partner at PwC Luxembourg, will be led by directors and managers with extensive experience in the field.

Meet Michael Weis: Expert in Financial Crime Prevention

Michael Weis is the Financial Crime Leader and Partner in the forensic services department of PwC Luxembourg. With extensive knowledge in the investment management and banking industries, he has gained expertise in reviewing internal controls in the context of SAS 70 reviews and controls reports.

Weis’ Experience and Expertise

As a key member of the internal controls practice of PwC, Michael Weis specializes in reviewing internal controls in the context of SAS 70 reviews and controls reports. He has also managed various high-profile client assignments on internal controls reports and Anti-Money-Laundering (AML) in the investment management industry.

The “Fight against Financial Crime” Training Program

As part of his role at PwC, Michael Weis plays a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is also coordinating the PwC Academy’s “Fight against financial crime” training program, which regularly involves international subject matter experts from organizations such as:

  • Transparency International
  • UN Security Council
  • FATF (Financial Action Task Force)
  • SCPC (Securities and Commodities Products Commission)
  • FSA (Financial Services Authority)
  • CSSF (Commission de Surveillance du Secteur Financier)

Program Objectives

The training program aims to provide participants with the knowledge and skills necessary to prevent financial crime and stay ahead of emerging threats in the industry. The program covers compliance-related topics such as:

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

By participating in this comprehensive training program, individuals will gain a deeper understanding of financial crime prevention strategies and techniques, empowering them to stay ahead of emerging threats in the industry.