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Fight against laundering of money of criminal origin and against terrorism financing; integrity of financial markets, respect for ethical principles, all these are now important part of the financial sector today and that influences its activities widely.

The Compliance Officer function has appeared among credit institutions, PSFs, insurance companies. The Compliance Officer role is to make sure that these institutions comply with the current legislative, statutory and ethical standards.

Today, the Compliance function in the financial sector is officially recognised, on an international level by the Committee of Basel, and locally in Luxembourg by the CSSF. This function becomes compulsory in all the institutions of the financial sector in Luxembourg.

The "Association of Luxemburg Compliance Officers" for the Financial Sector was created as of 20 December 2000.


 


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We look forward to welcoming our members on 27 September 2018 for a casual event dedicated to the exchange of views in a relaxed atmosphere.

This is also an ideal moment to exchange with the different working groups, their representatives will be available for questions, exchanges and eventual new candidates.

  

The 12th Annual European AML & Financial Crime Conference will be held on 5-6th of November 2018 at the Merchant Taylors' Hall, City of London.

This year's line up of expert speakers include G20 Global AML/CTF priorities under the US Presidency, EC, EP EU Tax Policy, EBA, MONEYVAL, Europol, FIUs of Netherland, Norway and Liechtenstein as well as high profile expert speakers from across the industry including Aviva, Barclays, Deutsche Bank, Generali, HSBC, BNP Paribas, Credit Suisse, ING Group, Western Union among many others.

A 10% discount wil be offered to ALCO members. The discount code can be obtained by sending an email to secretariat@alco.lu

  

SWIFT, in collaboration with ALMUS, the Luxembourg SWIFT User and Member Group, and ATEL, the Luxembourg Association of Corporate Treasurers, are organising an event entitled "The evolving compliance landscape - from silos to utilities", which will take place in Luxembourg on 2 October 2018 from 8:30 a.m. to 1:30 pm. on the premises of the Luxembourg Chamber of Commerce, 7, rue Alcide de Gasperi, L-1615 Luxembourg-Kirchberg.

More information about the event as well as the registration form can be downloaded here.

  

We are delighted to inform you about our outsourcing event that will take place on 20th June 2018 at 5.30 pm sharp at BIL, 69 route d'Esch L-2953 Luxembourg. It will be followed by a cocktail.

Reception and registration start at 5:00 pm, a limited number of parking spaces will be available (on a first come first serve basis).

The WG51 Outsourcing Technical Committee will present the work done on the regulatory challenges of outsourcing for financial institutions in Luxembourg. The members will present the current outsourcing framework as well as best practices (internal approval processes, CSSF liaison as well as ongoing monitoring of outsourcing, ...).

There will be CSSF representatives attending the event and you will have the possibility to raise questions.

We look forward to welcoming you on 20 June 2018!

  

English version below

L'Assemblée Générale Ordinaire de l'assocation se tiendra le mercredi 21 mars 2018 à la Chambre des Métiers (à ne pas confondre avec la Chambre de Commerce !), 2, Circuit de la Foire Internationale, L-1347 Luxembourg. L'accueil se fera à partir de 17h00. Elle sera suivie d'une conférence sur le RGPD en présence de représentants de la CNPD.

Au plaisir de vous y voir nombreux,

Marie Bourlond, Vincent Salzinger et Laurent Moser, co-présidents de l'ALCO

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The General Meeting of the association will take place on Wednesday, 21 March 2017, at the Chambre des Métiers (not to be confused with the Chambre de Commerce!), 2, Circuit de la Foire Internationale, L-1347 Luxembourg. The reception of the participants will start at 5:00 p.m..It will be followed by a conference on the GDPR in the presence of CNPD representatives.

We look forward to welcoming you on 21 March,

Marie Bourlond, Vincent Salzinger and Laurent Moser, ALCO co-chairmen

  
L'ALCO organise conjointement avec l'ALJB une conférence sur le thème de la lutte contre le blanchiment et le financement du terrorisme :

•  Monsieur  Michel  Turk,  Substitut  principal  auprès  de  la  Cellule  de  Renseignement  Financier (« CRF ») du parquet, nous donnera un premier retour d’expérience sur l’infraction primaire de fraude fiscale aggravée, en vigueur depuis le 1er janvier 2017;

• Madame  Katia  Kremer,  Conseiller  de  direction  première  classe  auprès  du  Ministère  de  la Justice, nous présentera le futur registre des bénéficiaires effectifs ;

• Madame Catherine Bourin, membre du Comité de Direction de l’ABBL, nous éclairera sur les obligations professionnelles introduites par le projet de loi n° 7128 déposé le 26 avril 2017.

Cette conférence, qui se tiendra en langue française, aura lieu le jeudi 9 novembre 2017, à partir de 17h30  précises,  dans  l’Amphithéâtre  du  centre  sportif  et  culturel  la  Coque,  2,  rue  Léon  Hengen, L-1745  Luxembourg-Kirchberg.

La conférence est gratuite et réservée aux membres de l'ALCO et de l'ALJB.
  

Suite à sa réunion du 6 avril 2017, le Conseil d'Administration de l'ALCO a le plaisir de vous informer de l'élection pour deux ans de Madame Marie Bourlond, Monsieur Laurent Moser, et Monsieur Vincent Salzinger à la présidence de l'association. Cette présidence à trois têtes traduit la volonté de l'association d'être dirigée de manière permanente par des praticiens de la Compliance tout en permettant à ceux-ci de faire face à leurs obligations quotidiennes grandissantes.

Following its meeting dated April 6, 2017, ALCO's Board of Directors is pleased to inform you of the 2 year nomination of Mrs. Marie Bourlond, Mr. Laurent Moser, and Mr. Vincent Salzinger as Chairs of the association.

This shared Chair shows the will of the association to be permanently lead by active Compliance Officers while still allowing them to face daily obligations that are constantly increasing.


Communiqué : Nouvelle présidence / Statement: New Chairs
  

​Voici un article de Paperjam qui nous rappelle que l'on attend toujours lprojet de loi anti-blanchiment. Il y a notamment une intervention de Thierry Grosjean, notre président.

Article paperjam​

 

  

​Visit the following page ​http://www.fatf-gafi.org/publications/mutualevaluations/documents/assessment-ratings.html​ to get the excel sheet with FATF-GAFI consolidated rating.

  

 ​New AML/KYC measures recommended by CSSF following the tax reform that distinguishes three types of tax fraud: “simple” tax fraud, “aggravated” tax fraud, and tax evasion (“escroquerie fiscale”).

  

​Invitation - Assemblée Générale Ordinaire et 15 ans de l'association/General Meeting and 15th anniversary of the association

  

New Guidance - AML/CFT-related data and statistics

  

​Update of the activities of the Working Groups/Networking event

  

​​The Financial Intelligence Unit issued its 2014 report on 16/11/15.

  

​​The European Commission is considering a request for some delay on the reporting requirements due to come into effect under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR)

  

​Switzerland's government on Wednesday adopted new rules to clamp down on money laundering as the country seeks to cast off its reputation as a haven for hidden cash

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