Description
Introduction
Our proximity to financial institutions and the work of experts in our quality circles enables us to offer you content that is always up to date in a constantly changing regulatory environment.
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
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
Luxembourg Predicate Offences
Register of Beneficial Owners
Luxembourg Sanctions and Penalties
CSSF inspections
CSSF Fines and Penalties
FIU Luxembourg
FATF and Tax Crimes
Tax Crimes as Predicate Offences
Tax Offences
Sanctions and Penalties
21 Common Indicators
Module 11 – Directors and Senior Executives
AML Policies
Director Worry List
What is Compliance
Director To Do List
Assurance Function Communication
Conditions
Course Material
The training material will be handed out at the beginning of the course and can also be downloaded free of charge via your portal the day before the start of the course (download the Client Portal User’s Guide here).
Knowledge Check
Random draw of 10 questions from a question bank. User must score 80% to pass with unlimited attempts.