This training is offered in the form of face-to-face training. More information
Catalog

Anti Money Laundering & Counter-Terrorist Financing (AML & CTF) - Foundation Level

Banking

Description

Objectives

The overview of European standards and of Luxembourg AML/CTF laws and regulations

  • Stages and methods of money laundering
  • Develop money laundering techniques
  • Understand the concepts of simplified, normal and enhanced due diligence
Programme
  • Money Laundering steps & Terrorism Financing funding
  • The fight against ML & TF at international level:
    • FATF
    • Other international bodies
    • EU directives
  • The role of the financial institutions in the fight against ML & TF
  • The professional obligations of the financial institutions:
    • The obligation to customer due diligence measures
    • Identification of customer
    • Identification of beneficial owner
    • Identification of the relationship
    • Monitoring of the transaction
    • Enhanced & simplified due diligence
    • Reliance on third parties
  • The obligation to cooperate with the authorities
    • Cooperation on demand
    • Cooperation on own initiative
    • Transmission of information
    • Prohibition against informing the customer
    • Prohibition against carrying out a suspect transaction
  • The obligation to have an appropriate internal organisation: Implementation of AML Programs
  • Case studies throughout the programme
  • Lecture on the risk based approach in the Luxembourg fund industry
  • Examination : Written examination based on a Multiple Choice Questionnaire
Target Audience
  • Junior AML and Compliance Officers of banks and financial institutions
  • Relationship Managers in contact with the customers, Risk Managers and Internal Auditors
  • Junior Officers dealing with these matters at a supervisory level

Conditions

Course Material

Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.

Location
Chambre de Commerce Luxembourg
7, rue Alcide de Gasperi
L-1615 Luxembourg
Luxembourg
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