Compliance curriculum

In Luxembourg’s dynamic and highly regulated financial environment, effective compliance is a critical pillar of sustainable business and sound governance. Against a backdrop of evolving regulatory expectations at both national and European levels, Compliance Officers and Chief Compliance Officers must continuously strengthen their technical expertise, oversight capabilities, and strategic advisory role.

PwC Academy, in close collaboration with PwC’s subject matter experts, has developed a comprehensive training curriculum dedicated to compliance professionals operating in Luxembourg. This curriculum is designed to support Compliance Officers and Chief Compliance Officers in addressing the increasing complexity of regulatory requirements, supervisory expectations, and operational challenges affecting regulated entities.

Our modular programme combines expert‑led courses and digital learning solutions to deliver an optimal and flexible learning experience. It covers, with the support of PwC specialists, key regulatory frameworks, latest regulatory developments, and practical implementation considerations relevant to the Luxembourg market.

Participants will gain actionable insights and hands‑on knowledge across regulatory topics that are central to the effectiveness and credibility of the compliance function.

Whether you are a member of senior management, part of the compliance function acting in the second line of defence, or closely involved in governance and oversight activities, this curriculum provides the tools and knowledge needed to enhance regulatory readiness, strengthen compliance frameworks, and support informed decision‑making.

The curriculum is organised by subject to meet the varied training requirements of compliance professionals. It features essential modules relevant to Compliance professionals across all sectors, as well as specialised learning solutions for specific industries such as Banks, AWM & IFM, PFS and Insurance.

Compliance for Banks

Compliance for PFS

Compliance for AWM and IFMs

Compliance for Insurance

All industries

Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.

Regulatory framework
ESG & sustainability
Anti-financial crime (including fraud, corruption, whistleblowing)
Cybersecurity & data protection
Outsourcing & IT regulation (including DORA)
Tax (FATCA/CRS, DAC)

Regulatory framework

Live format

Directors roles and responsibilities in Luxembourg (3h) - This module aims to provide a clear, practical understanding of the roles, duties and liabilities applicable to directors in the Luxembourg financial and corporate landscape.
Domiciliation in Luxembourg: legal & regulatory framework (1h) - This training aims to provide a clear legal understanding and regulatory framework of domiciliation in Luxembourg.
Outsourcing regulation in the financial services industry (as per the CSSF circular 22/806) (3h) - This training intends to provide the participants with an overview of the main regulatory requirements for outsourcing arrangements as defined by the CSSF circular 22/806.
Market abuse regulation (1h) - This module describes the core principles of the Market Abuse Regulation (MAR), and helps understand its rules, risks, and sanctions.

ESG & sustainability

Live format

Sustainable finance (4h) - This training focuses on the implications of sustainable finance, particularly the Sustainable Finance Disclosure Regulation (SFDR), on risk management for financial institutions.
ESG and sustainable finance for Board members and conducting officers (2h30) - Designed specifically for board members and conducting officers, this course explains how Environmental, Social, and Governance (ESG) factors and sustainable finance principles influence strategic decision-making.
Transitioning to SFDR 2.0 - A practical playbook (2h) - This hands-on training distils the essentials of SFDR 2.0 into a practical playbook. It highlights the most critical changes and provides clear guidance to help organisations plan and manage the transition from SFDR 1.0 to SFDR 2.0.
Understanding the EU Green Claims Directive – Compliance and business strategy (2h) - This course helps organisations understand the requirements of the EU Green Claims Directive, assess compliance risks, and implement best practices for making credible and substantiated sustainability claims while aligning regulatory compliance with business strategy.

Anti-financial crime (including fraud, corruption, whistleblowing)

Digital format

AML - Follow the money (e-learning) (1h) - This course aims to address how ESG factors, climate change, and broader sustainability considerations reshape the risk landscape, affecting both operational and strategic decision-making processes.
AML/CTF blended training for boards of directors (investment funds and IFMs) (75min + 30min) - This programme is made of a digital session and a subsequent live session delivered by our most seasoned AML experts.

Live format

EU AML Package (1h30) - This course provides a clear and practical overview of the four key pillars of the EU AML Package: AMLA, AML Regulation, AML Directive and The Transfer of Funds Regulation.
Fight against money laundering and terrorism financing (3h) - This course highlights the regulatory requirements and your duties regarding the fight against AML and CTF.
International sanctions and screening (1h) – This module helps participants understand key aspects of transaction monitoring, AML risk coverage requirements, financial crime risk indicators, and regulatory reporting expectations.
Transactions monitoring (1h) – This module helps participants understand key aspects of transaction monitoring, AML risk coverage requirements, financial crime risk indicators, and regulatory reporting expectations.
Going beyond AML: fraud, corruption and whistleblowing (2h) – This module teaches participants about predicate offences for money laundering to help protect their organisation from financial loss, penalties, and reputational risk.

Cybersecurity & data protection

Digital format

Cybersecurity (e-learning) (1h) - This digital learning programme introduces different types of cyber threats, provides participants with strategies to help prevent cyber-attacks, and outlines recommended practices for the workplace.
GDPR essentials (e-learning) (1h) – This digital module offers an overview of the GDPR regulation, covering key points to support compliance.
GDPR advanced (e-learning) (1h30) - This digital course ensures that your organisation gains advanced knowledge, enabling compliance with the regulation's requirements.

Live format

ICT awareness Executive Training Programme - Cybersecurity and risks (3h) - This module empowers participants with a comprehensive framework, vocabulary, and understanding of cyber risks. It instils the confidence needed to take a leadership role in cybersecurity initiatives.
Data privacy in Luxembourg: GDPR and beyond (4h) - This module provides participants the knowledge to establish a GDPR compliance programme.

Outsourcing & IT regulation (including DORA)

Live format

IT regulation and IT outsourcing in Luxembourg - What you need to know (4h) - This module introduces the main IT regulatory requirements applicable to CSSF supervised entities.
ICT awareness Executive Training Programme - IT regulatory update (3h) - This module offers a high-level overview of key ICT regulations, encompassing their evolution, recent developments, and new regulations like the AI Act.
Understanding and leveraging European data regulations (1h) - This training provides participants with an overview of the European data regulations and their complexities.
Mastering the AI Act: strategic compliance with AI regulations and standards (1h30) - This training provides participants with a deep understanding of global and industry-specific regulations, standards and best practices that are crucial for ensuring their organisation's strategic AI compliance.
Digital Operational Resilience Act (DORA) - Introduction (2h) - This module provides an overview of the main provisions and the differences from the existing Information and Communication Technologies (ICT) regulatory framework.
DORA - How to manage your third-party service providers? (3h) - This training covers the requirements for third-party services management and outlines considerations when starting new service contracts.

Tax (FATCA/CRS, DAC)

Digital format

DAC6 (e-learning) (1h30) - This digital training covers the technical and operational DAC6 elements supported by real-life examples and concluded by a final quiz.

Live format

Automatic exchange of information (FATCA and CRS) for 1st line of defence - Basic principles (3h) - This module will provide participants with FATCA and CRS rules, their synergies and differences, and will give an overview of fund statuses, reporting requirements, efficient operating models and related risks.
FATCA/CRS for the 2nd line of defence: entities classification, due diligence and reporting obligations (3h) - This training will offer participants insights into recent regulatory updates, Luxembourg tax authority controls, and will cover FATCA/CRS classifications for funds and investment structures.
Tax aspects of investors onboarding: DAC6 to DAC8, FATCA/CRS and AML (2h) - This training helps participants navigate through the interactions between DAC6/DAC8, AML, withholding tax and FATCA/CRS, identify the associated risks and streamline the tax compliance documentation.
DAC6 (4h) - This training module will give participants a comprehensive overview of the directives, roles and responsibilities of the different stakeholders, detail the reporting obligations and explore the mechanisms of the hallmarks.

Industry specific

Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.

Internal governance
Market products and regulatory framework

Internal governance

Live format

Banks' internal governance under CSSF circular 12/552 as amended (2h) - This course provides a comprehensive understanding of the roles and responsibilities of the board and authorised management, including obligations under CSSF circular 12/552.
Basel IV - Foundation (3h) - This training provides a clear understanding of the reforms related to Basel IV.
Risk management essentials for banks (4h) - This course provides a deep understanding of the different regulations applicable to banks.
ICAAP (Internal Capital Adequacy Assessment Process) (1h30) - This course will help you understand the purpose and regulatory background of the Internal Capital Adequacy Assessment Process (ICAAP).
Credit risk management (Loan Origination and Monitoring) (1h30) - This training provides a clear understanding of the regulatory background of credit risk measurement and management.

Market products and regulatory framework

Digital format

MiFID II certification (e-learning) (62h to 69h) - This digital learning solution is structured around 5 thematic pillars for professionals giving investment advice or giving information about investment products, investment services or ancillary services. Depending on the professional population considered, each pillar comprises a set of digital tutorials related to the knowledge and competence criteria.
MiFID/MIFIR key requirements (e-learning) (1h) – This e-learning supports the regular update of general Knowledge & Competence around MiFID II requirements.

Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.

Internal governance
Market products
Regulatory framework

Internal governance

Digital format

AML/CTF for asset management professionals (alternative & traditional investments) (e-learning) (1h) - This digital learning experience on AML /CTF is specifically designed for asset management professionals to support the acquisition and assessment of essential AML knowledge and competence.
AML/CTF blended training for boards of directors (investment funds and IFMs) (75min + 30min) - This programme has been designed to specifically address the needs of board and executive members. It is divided in two parts: a 75-minute digital session and a subsequent 30-minute live session delivered by our most seasoned AML experts.

Live format

Compliance officer duties (for ManCos): the essentials (2h) - This training provides a clear understanding of the tasks and responsibilities of the compliance functions from a regulatory and practical point of view for ManCos.
Focus on CSSF circular 18/698 (4h) - This training covers each chapter of the circular to capture the main impacts of the requirements and support our participants in identifying the impacts of this circular on their organisation.
Responsibilities of board members and conducting officers of funds and IFMs (3h) - This course is designed to provide participants with comprehensive knowledge and understanding of the latest governance responsibilities.
Management company branch oversight (2h) - This training programme has been developed to provide practical examples for direct implementation across various functions within management companies.
Management company delegation oversight (4h) - This training has been designed to facilitate direct implementation for your management company's delegations.

Market products

Live format

Investment funds - Introduction and market data (1h) - With this introductory training we will take a first step in the funds world by detailing some key concepts that can be developed further in our more specific training modules.
Investment funds - Distribution platforms (1h) - This course will cover the role and tasks of a fund distribution platform.
ETFs - Regulatory and operational aspects (3h) - This training module is designed to provide professionals with a comprehensive and practical understanding of the ETF industry, covering everything from foundational concepts to the latest trends shaping its future.
ELTIFs 2.0: legal and operational perspectives (2h) - This training is designed to provide professionals with a comprehensive overview on the updated ELTIF regime.

Regulatory framework

Digital format

MiFID II certification (e-learning) (62h to 69h) - This digital learning solution is structured around 5 thematic pillars for professionals giving investment advice or giving information about investment products, investment services or ancillary services. Depending on the professional population considered, each pillar comprises a set of digital tutorials related to the knowledge and competence criteria.
MiFID/MIFIR key requirements (e-learning) (1h) - This e-learning supports the regular update of general Knowledge & Competence around MiFID II requirements.

Live format

Investment funds - Regulatory framework (UCITS and AIFs) (3h) - This module will allow participants to have a general view of the regulations applicable to investment funds and their service providers in Luxembourg.
AIFMD II - All you need to know (3h) - This training is designed as a practical, decision-oriented, and implementation-focused programme, tailored to professionals who must translate the directive into operational reality.
Alternative assets valuation function and valuation process - Regulatory aspects (3h) - This training will help participants understand the key roles and responsibilities of the valuation function, as well as the controls and requirements regarding the regulatory framework.
Eligible assets and investment restrictions for Luxembourg UCITS - Advanced (6h) - This module will offer participants an overview of UCITS investment criteria cover eligible assets, investment limits, and risk management guidelines for financial derivatives.

Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.

Internal governance
Market products and regulatory framework
Business-specific requirements

Internal governance

Live format

Investment firms' internal governance under CSSF circular 20/758 (2h) - This module will help understand the roles and responsibilities of the board and authorised management, including obligations under CSSF circular 20/758, the functions of key governance bodies and internal controls, and the main regulatory changes introduced by the circular.
Investment firms - Introduction into the prudential framework under IFR/IFD (1h30) - This module will help understand key internal governance requirements for PFS, including the roles of the management body and authorised managers, the suitability assessments of key individuals, CSSF expectations for sound management, stakeholder interactions, and internal reporting mechanisms.
Remuneration policy for investment firms (1h) This course provides an in-depth understanding of remuneration governance requirements applicable to PFS in Luxembourg under CSSF Circular 10/437 and related regulatory standards.
Presentation of the Luxembourg regulatory framework applicable to Specialised PFS (3h) - This training offers an overview of the Luxembourg regulatory framework relevant to specialised PFS, covering the principal obligations and rules that apply to these entities.
Presentation of the Luxembourg regulatory framework applicable to Support PFS (3h) - This training gives learners an overview of the Luxembourg regulatory landscape applicable to support PFS, including the main obligations and rules to which they are bound.

Market products and regulatory framework

Digital format

MiFID II certification (e-learning) (62h) - This digital learning solution is structured around 5 thematic pillars for professionals giving investment advice or giving information about investment products, investment services or ancillary services. Depending on the professional population considered, each pillar comprises a set of digital tutorials related to the knowledge and competence criteria.
MiFID/MIFIR key requirements (e-learning) (1h) – This e-learning supports the regular update of general Knowledge & Competence around MiFID II requirements.

Live format

Investment funds - Regulatory framework (UCITS and AIFs) (3h) - This module will allow participants to have a general view of the regulations applicable to investment funds and their service providers in Luxembourg.
Alternative assets valuation function and valuation process - Regulatory aspects (3h) - This training will help participants understand the key roles and responsibilities of the valuation function, as well as the controls and requirements regarding the regulatory framework.
ELTIFs 2.0: legal and operational perspectives (2h) - This training is designed to provide professionals with a comprehensive overview on the ELTIF updated regime.
Eligible assets and investment restrictions for Luxembourg UCITS - Advanced (6h) - This module will offer participants an overview of UCITS investment criteria cover eligible assets, investment limits, and risk management guidelines for financial derivatives.
Investment funds - Distribution platforms (1h) - This course will cover the role and tasks of a fund distribution platform.

Business-specific requirements

Live format

Depositary requirements for AIF accounting (2h) - This course aims to answer the questions depositaries face concerning their mandatory professional duties and the ongoing evolution of AIF regulations.
Focus on the CSSF circular 22/811 requirements for Luxembourg fund administrators (2h) – This module helps understand the principles and requirements of the CSSF circular 22/811 on Luxembourg fund administrators.
Duties and formalism in TA standard operations for AIFs (3h30) - This module helps participants understand and perform their transfer agent tasks and responsibilities efficiently, in line with the Luxembourg alternative funds market practices.
Regulatory reporting - UCITs and AIFs (2h) - This course provides an overview of the main regulatory reporting requirements and outlines the differences in reporting obligations based on fund type and investor profile.
Investor tax reporting - UCITs and AIFs (2h) - This course provides an overview of key investor tax requirements, helps identify registration and reporting needs based on distribution strategy.

Please select the subject areas and click on the links to access further details about the content of each building block or to contact us.

Internal governance
Market products and regulatory framework

Internal governance

Live format

Governance in insurance - Regulatory framework (1h30) - This training is designed to familiarise professionals with the various laws, regulations, CAA Circular letters but also standards, and best practices that govern the insurance sector in Luxembourg.
Governance in insurance - Compliance (1h30) - This course is designed to equip (re)insurance stakeholders with the knowledge and skills necessary to navigate the complex landscape of insurance governance and compliance.
Outsourcing in insurance (1h) - This training is designed to provide (re)insurance stakeholders with the knowledge and skills necessary to understand, implement, and manage outsourcing initiatives within the insurance sector.
Solvency II – Advanced (1h) - With this module, participants will get the key updates of the regulatory framework and the EU agenda.

Market products and regulatory framework

Digital format

MiFID/MIFIR key requirements (e-learning) (1h) – This e-learning supports the regular update of general Knowledge & Competence around MiFID II requirements.

Live format

Insurance Distribution Directive - the essentials (2h) - This training aims at making IDD requirements understandable for each employee, whatever their role within the company.
Value for money (POG) (1h) - This module phelps participants gain an increased awareness develop a common approach to address the risks associated with value for money.

Live training courses can also be tailored on demand giving the nature of your services offering (subject to the clearance of independence requirements).