Following the entry into force of (i) the Law of 23 December 2016, which amended (among others) Article 506-1 of the Criminal Code, and (ii) CSSF Circular 17/650, professionals subject to requirements regarding the fight against money laundering and terrorism financing must now take into consideration new predicate criminal tax offences when carrying out their professional duties, in particular client due diligence and cooperating with the authorities.
10 June 2020 (ENG)
Price: 300.00 €
Language: English, also available in French
Number of participants: max. 20
By the end of this course, participants will be able to:
1. Overview of the new regulations
2. Due-diligence obligations
Who is affected by the regulations?
4. Practical cases
The fight against money laundering and terrorist financing falls under the responsibility of all employees.
Nevertheless, it is management who must lead by example.
Pierre Kirsch is a tax Managing Director at PwC Luxembourg and the authorised manager of our PFS Tax Information Reporting, where he is in charge of developing the service around tax transparency and automatic exchange of information. He has spent 23 years working for clients in the Private Banking and Asset Management industries in Luxembourg where he has acquired a deep knowledge of their internal processes.
Pierre has performed different tax transparency analyses of the private and corporate client base of several major financial institutions in Luxembourg and abroad to determine the level of risk of those clients being non-tax compliant and define an appropriate and measurable action plan.
PwC's Academy, Crystal Park Building, PwC Luxembourg
Tel: +352 49 48 48 4040