The Luxembourg Association of Compliance Officers ("ALCO") aims at bringing together Compliance Officers in order to:
Constitute a national representative body;
Work out a harmonised approach with regard to laws and regulations;
Engage in dialogue with relevant authorities.
As mentioned in its Statutes:
"It aims at enhancing communication and
exchange of ideas between its members through regular meetings,
participation in internal and external working groups, as well as by
organizing conferences and debates regarding ethical and compliance
issues for the financial sector in the Grand Duchy of Luxembourg."
"It also suggests to tie-up contacts with foreign associations sharing a similar aim."