AML & KYC - GAP Analysis
Ensuring adherence to anti-money laundering and counter-terrorism financing regulations, commonly referred to as AML/FT, is a critical aspect of your day-to-day responsibilities.
Sanctions for regulatory or legal infractions include warnings, public statements, suspension or revocation of your authorization, as well as fines.
Who is impacted ?
✓ Financial professionals subject to CSSF supervision, such as Management Companies, AIFM, credit institutions, SIF, UCITS, SICAR, payments institutions, central administrators ...
✓ Financial professionals subject to AED supervision such as RAIF
✓ Insurance undertakings licensed or authorized to exercise their activities in Luxembourg as well as the professionals of the insurance sector
✓ Family offices
✓ Other professionals (mainly accountants, real estate agents, notaries, lawyers)
What are the main obligations ?
✓ Perform an AML risk assessment
✓ Perform a country risk assessment
✓ Carry out customer due diligences (on investors and counterparties)
✓ Implement policies and procedures
✓ Report suspicious activities
✓ Receive regular training
How can Osmia Consulting assist you ?
- Assess your AML-KYC risk by conducting a gap analysis
- Train your teams on AML-KYC topics
- Stay informed about any new regulatory and legal developments
- Keep your policies and procedures up-to-date
- Organize your due diligences in an efficient way
- RC – RR – find your MLRO or responsible officer