Description
Description
This e-learning course covers anti-money laundering and combating terrorist financing within the Luxembourg laws, regulations and circulars. This course is
- Suitable for all users
- Available in English and French
Objectives
There are 3 core objectives of this interactive E-learning course:
Programme
Module 1 - Money Laundering
• Definition
• Predicate Offences
• Placement, Layering and Integration
• Scale of Money Laundering
• Social Impact of Money Laundering
Module 2 – Combating Terrorist Financing
• Definition
• Terror Attacks and Costs
• Vulnerable Organisations
• Comparison with Money Laundering
Module 3 – Proliferation Financing
• Definition
• UN Resolution
• Global Security
• Red Flags
Module 4 – Anti-Money Laundering
• Definition
• Global Stakeholders
• FATF
• FATF 40 Recommendations
• Mutual Evaluation
• FSRBs
• FIU Definition & Functions
• AML Summary
Module 5 – AML / CTF Basics
• Board Responsibility
• Compliance Responsibility
• Policies and Procedures
• Risk Based Approach
• Risk Levels
• Identification and Verification
• Beneficial Owners
• Relationship Factors
• Source of Funds
• Source of Wealth
• PEPS and Definition
• Screening Process and Challenges
• High Risk Jurisdictions
• Document Retention
• Suspicion
• Tipping Off
• Reporting
• Red Flags
Module 6 – Sanctions
• Client Screening
• Sanctions Definition
• Freezing Regime
• Screening Lists
• Screening Challenges
• Economic Sanctions
Module 7 – AML Consequences
• Global Penalties
• Causes for Penalties
• 5 Case Studies 2021
• Reputational Damage
• Impact on Employees
Module 8 – AML / CTF in the EU
• European Stakeholders
• EU Directives
• 4th Directive
• Consequences of the 4th Directive
• Enlarged Scope
• Risk Assessment
• Beneficial Owners
• EU Guidelines
• 5th Directive
• 6th Directive
Module 9 – AML / CTF in Luxembourg
• Mutual Evaluation 2010
• Mutual Evaluation 2022
• 2022 Assessment Criteria
• National Risk Assessment
• Local Stakeholders
• Local Laws
• Whistleblowing Law
• Luxembourg Predicate Offences
• Register of Beneficial Owners
• Luxembourg Sanctions and Penalties
• CSSF inspections
• CSSF Fines and Penalties
• FIU Luxembourg
Module 10 – Tax Crimes
• FATF and Tax Crimes
• Tax Crimes as Predicate Offences
• Tax Offences
• Sanctions and Penalties
• 21 Common Indicators
Duration
120 minutes + 10 minutes of questions.
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.
Knowledge Check
There is a 10 question knowledge check at the end of the e-learning course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.