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The impact of the tax reform on AML-CTF professional obligations

41A, avenue J.F. Kennedy
2082 Luxembourg
Luxembourg
Link to the organizer's site
See this training on the organizer's site
15 Mar

Objectives


The training aims at explaining the impacts of the adoption of the law of 23 December 2016 implementing the tax reform of 2017 (Tax Reform Law) and of the CSSF Circular Letter 17/650 of 17 February 2017 (CSSF Circular) on the Anti-Money Laundering and counter-terrorism financing (AML-CTF) rules and professional obligations currently applicable to Luxembourg financial institutions and will focus on their practical implications.

Content

 

Brief reminder of the main changes brought by the 4th AML Directive: practical focus on main objectives and main changes
Historical background and new provisions to look out for
The new predicate offences as defined under the Tax Reform Law:
- Differentiation between “simple tax fraud”, “enhanced tax fraud” and “tax swindle”
- Explanation of which taxes are involved
- Scope of customer due diligence (CDD) obligations in relation to tax crimes
When to carry out a suspicious activities report (SAR): practical approach to the obligation to carry out a SAR on the basis of the list of indicators of a suspicious behavior (from a tax compliance perspective) in the CSSF Circular
Other practical impacts for professionals
Sanctions: focus on criminal sanctions vs. administrative sanctions in relation to the amount, the conditions and the persons concerned by such sanctions; description of the administrative sanctions and measures which must at least be applied in certain circumstances and specific sanctions for breaches involving credit institutions or financial institutions

 

Speakers


Glenn Meyer (Partner, Banking and Financial Services, Arendt & Medernach),
Aurélia Viémont (Senior Associate, Banking and Financial Services, Arendt & Medernach).

 

Target Group


Professionals in charge of front office, administration, legal and compliance functions in banks or other professionals of the financial sector.

Duration


1,5 hours

Price

 

160 €

 

Languages


English
 

The impact of the tax reform on AML-CTF professional obligations.pdf

For any information, please contact us by e-mail at info@arendtinstitute.com
 

Related : Arendt Institute

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