AML/CTF: key regulatory updates and industry trends incl. EU AML action plan, AML6D

In May 2020, the European Commission (EC) published its new AML/CTF action plan seeking to create common standards, application and supervision of EU rules in a more standardised manner. The AML action plan refers to the enforcement of existing rules, a single rulebook for EU member states, a new EU AML authority, coordination and support mechanism for FIUs, law enforcement and information sharing and a role for the EU at a global level. Its detailed requirements have been published in July 2021. In addition, there are related updates to regulations and industry trends that have occurred recently and are expected to happen in the coming months.

Price: 410.00 €

Duration: 2h

Language: Available in English, French and German. The supporting material is only available in English.

Number of participants: up to 20

You are interested in participating in this course but no sessions are currently scheduled? Please contact us and you will be added to our Show Interest list.

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Objectives

By the end of this training, you will have a comprehensive overview on recent regulatory updates and trends based on the European directives as well as the EU action plan on AML and its potential implications.

Content

This training covers the new regulatory updates like EU AML6D, EU Action Plan AML, AMLA, latest AML/CTF circulars, CSSF regulations and legal updates.

We will also discuss industry trends around asset screening, risk appetite statements and alike.

Target audience

The AML regulations apply to all "obliged entities" as defined in Article 2.1 of the amended law 12 November 2004:

  • credit institutions
  • financial institutions
  • auditors
  • external accountants and tax advisors
  • notaries and other independent legal professionals (under specific conditions)
  • trusts or company service providers
  • estate agents
  • traders in goods making or receiving payments above EUR 10,000
  • providers of gambling services

Our lead experts

This training is coordinated by Cécile Moser and Michael Weis, Partners at PwC Luxembourg.

Cécile, AML Services Partner, is specialised in the financial sector of Luxembourg, with a particular focus on AML and CTF regulations and internal control environments.

She manages and performs regulatory mandated AML and CTF reviews, identifies AML and CTF control issues or deficiencies for private banks, custodians, transfer agents, investment funds and management companies.

Cécile also provides advice on AML and CTF methodology and helps to develop AML/CTF procedures in line with local laws and regulations.

Through his previous positions and projects, Michael, Financial Crime Leader and Partner in the forensic services, gained extensive knowledge in the investment management and banking industries.

As a key member of the internal controls practice of PwC, Michael specialises in the review of internal controls in the context of SAS 70 reviews and controls reports. He is the manager of various high-profile client assignments on internal controls reports and on Anti-Money-Laundering (AML) in the investment management industry.

Within PwC, Michael plays a key role in the AML taskforce and on internal controls work for the prevention of financial crime. He is co-ordinating the PwC’s Academy's “Fight against financial crime” leading training programme that regularly involves international subject matter experts (e.g. transparency international, UN Security Council, FATF, SCPC, FSA, CSSF etc.).

Through his professional qualifications he specialised in compliance related topics such as internal controls frameworks, fraud prevention/investigation and AML.

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Contact details

PwC's Academy, Crystal Park Building, PwC Luxembourg

Tel: +352 49 48 48 4040

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