AML/CTF – Controls of the RC, the RR and the Board (Financial Sector)

This training entitles the participant to a certificate of participation issued by an approved professional training organisation under the number 10060172/3.

Target audience

• Professionals supervised by the CSSF

Goals

• Properly appoint a RC and RR
• Assign roles and responsibilities to the RC, RR and Management
• Organise the duties of the RC (planning, carrying out controls and reporting)

Program

• Legal and Regulatory Sources Governing the Duties of the AML/CFT Compliance Officer (RC) and the AML/CFT Reporting Officer (RR)
  • Legal Source
    Which law addresses governance in terms of AML/CTF in Luxembourg?
  • Regulatory Source
    What details does CSSF Regulation No. 12-02 as amended provide?
  • Other Information Sources to Consider
    What are the other sources of information to consider?
• Appointment of the RC and RR
  What to do in case of a change of RC or RR?
  • Appointment of the RC
    Who to appoint as RC?
    What skills must the RC have?
    Can the RC perform other functions?
    Can the RC delegate his tasks?
    Who to appoint as RC within investment funds and IFMs?
  • Appointment of the RR
    Who to appoint as RR ?
    What skills must the RR have?
    Can the RR perform other functions?
    Who to appoint as RR within investment funds and IFMs?
• Organization of the RC’s Duties
  How should the RC organize its controls?
  • Planning of the RC’s Controls
    How to develop a comprehensive risk analysis?
    What should the RC plan contain?
  • Responsibilities and Controls of the RC
    What are the RC’s responsibilities regarding AML/CTF policies and procedures?
    What are the RC’s responsibilities regarding controls performed by the first line of defense?
    What are the RC’s responsibilities regarding the acceptance of high-risk clients?
    What are the RC’s responsibilities regarding cooperation with the authorities?
    What are the RC’s responsibilities regarding training?
  • Regular Reporting by the RC
    What should the regular reports of the RC contain?
    How often should the RC communicate?
  • Annual Reporting by the RC
    What should the RC summary report contain?
    What issues have been identified by the CSSF?
• Roles and Responsibilities of the RR
  What are the roles and responsibilities of the RR as described in CSSF Regulation n° 12-02 as amended?
  What are the roles and responsibilities of the RR as described in the EBA/GL/2022/05 Guidelines?
• Roles and Responsibilities of the Management Body
  • What are the roles and responsibilities of the Management Body in its supervisory function (Board of Directors/Managers)?
  • What are the roles and responsibilities of the Management Body in its executive function (Authorized Management)?

Duration

• 1h00

Language

• French/English

Practicalities

• Access sent within 24 hours
• 100% online training accessible from computer, tablet and smartphone
• Certificate of participation issued by an approved professional training organisation under the number 10060172/3.

Knowledge check

• Knowledge validation test at the end of each chapter

Learning method and pedagogy

• Theoretical presentations & practical cases
• Quizzes
• Animations, diagrams & summaries

Group discounts

Send your request by email to constance@easylearning.eu

• Between 11 and 25 accesses: 10 % discount + free reporting
• Between 26 and 50 accesses: 15% discount + free reporting
• Between 51 and 100 accesses: 20% discount + free reporting
• 100+ accesses: Ask for a tailor-made offer