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A propos d'ALCO

La lutte contre le blanchiment d'argent d'origine criminelle et contre le financement du terrorisme, l'intégrité des marchés financiers, le respect des principes éthiques, ..., font aujourd'hui partie intégrante de l'environnement du secteur financier et conditionnent largement son activité.

Un métier est apparu chez les établissements de crédit, les PSF, les Assurances, ... : celui de Compliance Officer dont le rôle est la défense et la surveillance de la conformité avec les normes législatives, réglementaires et déontologiques en vigueur.

Aujourd'hui, la fonction de Compliance dans le secteur financier est reconnue officiellement, tant sur le plan international par le Comité de Bâle, que sur le plan luxembourgeois par la CSSF. Elle est devenue au Luxembourg une fonction obligatoire chez les établissements du secteur financier.

L'Association Luxembourgeoise des Compliance Officers du secteur financier (l'ALCO) a été constituée le 20 décembre 2000.


 


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How to effectively manage large-scale inquiries?

It is increasingly common for a company to be the subject of an international inquiry commissioned by a regulator or a foreign authority.

These investigations may for instance be linked to potential cases of bribery, money laundering, tax evasion or non-compliance with financial sanctions, but could also cover less obvious risks, such as an overambitious employee who allegedly sold risky financial products to vulnerable persons, …

In this context, how to best react when one is the subject of a judicial inquiry or an international rogatory commission? What to do when the prosecutor’s office enters your premises for a search or if foreign authorities summon you directly?

To answer these questions CREOBIS has gathered the best experts in the field to share their experiences and bring you the right approach needed from the very beginning of an investigation.

This conference is for: Management Board, General Secretary, Head of legal, Lawyer, Legal Counsel, Compliance Officer, Legal Advisor, Auditors, Risk Managers, AMLCO, Conducting Officers, Avocats, Consultants, …

When: Tuesday, 8 October 2019

Where: Double Tree by Hilton, 12, rue Jean Engling, L-1466 Luxembourg

Time: from 8:30 am to 1:00 pm

Price: EUR 475 (excl. VAT)

  
Date: Wednesday, October 8th, 2019 starting at 18:00h

Venue: Société Générale Securities Services, 28-32, Place de la Gare, Bâtiment Plaza, L-1616 Luxembourg

The topics of this event:
  • Impacts of Regulation, New business models & Digitalization
  • UCITS and AIFs new segregation and safekeeping duties for depositaries. Depositary rules will change from 1 April 2020.
  • New set up regarding flow of information between the depositary and the custodian or sub-custodian.
  • Digitalization could enhance the user experience, thereby raising the bar in terms of client expectation and forcing depositaries to follow or be considered as obsolete.
  • Technology is expected to significantly improve operational efficiency. This will would put pressure on productivity-management.
  • New custody offers are emerging, also from major financial sector players, on Crypto Assets. Could these spill-over to classic assets? How can Depositaries prepare?
Agenda:

18h00: Welcome

18h30: Panel Moderator Jean-Pierre Gomez, Société Générale Securities Services

Panel participants:

  • Sandra Müller, Managing Director, MEAG
  • Enrico Turchi, Deputy CEO – Conducting Officer, Amundi
  • Els Alwyn, Director, Nordic Capital
  • Nicholas Curwen, Managing Director EQT Funds
  • Frank Roessig, Head Digital Finance, Proximus Luxembourg

19h15: Q&A

19h30: Networking drinks

21h00: Closure

The presentation will be held in English.

Participation is free of charge for IBF Luxembourg members. Non-members pay a fee of 30€

Please register at the latest until October 3rd, 2019 via mail to info@ibf.lu.

  

The conference is sold out.

The number and types of transactions have increased exponentially overtime, and it is clear that it is no longer possible to monitor them with old tools or only through human monitoring. The sheer complexity of transactions and the ever-increasing regulatory requirements constitute important challenges for AML compliance.

In this context, is crucial to have the right knowledge and tools to deal effectively with these challenges. During this conference, CREOBIS brings you the best experts in the field who will:

  • Analyse the lessons learned from on-site inspections by the regulator
  • Take a look at the impact of a Risk Based Approach
  • Assist you in gaining the right knowledge on how technology helps yodeal with false-positives and optimise alerts
  • Learn the benefits of Third Party financial and non-financial risk monitoring
  • Bring you the necessary understanding on how to monitor Cryptocurrency transactions

Don’t miss this unique opportunity to exchange with professionals and fellow peers to have a clear understanding on how to deal with the complexity of monitoring your transactions.

When: Thursday, 26 September 2019

Where: Double Tree by Hilton, 12, rue Jean Engling, L-1466 Luxembourg

Time: from 9:15 am to 4:45 pm

Price: EUR 650 (excl. VAT), lunch included

  

Can we trace all crypto-assets? How does AML really apply to crypto-assets?

Exploring possibilities and challenges

For the first time in Luxembourg, professionals and financial agencies, from both Luxembourg and abroad, will share their vision of Anti-Money Laundering Frameworks for crypto-assets and will explore the possibilities and challenges of AML measures.

The conference will cover current practices, as well as sharing and exchanging thoughts on future frameworks.

When: 17 September 2019

Where: Luxembourg Chamber of Commerce, 7, rue Alcide de Gasperi, L-2981 Luxembourg

Registration via Eventbrite

The full program is available here.

  

ALCO is pleased to present an illustration of examples on an approach to identify the beneficial owner(s) in investment funds. Please click on this link to get a copy of the document.

This document has been prepared by a task force comprising representatives of ALCO, ALFI, LPEA and Lux Real.

It is to be noted that this document represents the views from members of the task force and is not binding on the associations, their members or on any authority in Luxembourg.

Furthermore it must be underlined that the ultimate responsibility of the beneficial owner identification rests with the board (i) of the fund, (ii) of the management company in case the fund is structured as an FCP, or (iii) of the general partner in case the fund is structured as a société en commandite simple, par actions or spéciale.

 Please note that this paper does not take into account any tax considerations.

 Enjoy your reading!

  

We are pleased to inform you that the German compliance manager association ("Berufsverband der Compliance Manager e.V. (BCM)" are holding their 7th compliance conference on the 19th and 20th of November 2019 at the Hotel Ellington in Berlin.​

The conference programme and the registration form are available here.

  

On March 26th, the General Assembly of the ALCO has elected its new directors, for the coming two years. Subsequently, the new Board has met and decided to renew its confidence towards the previous chairmanship. Therefore, Marie Bourlond, Laurent Moser and Vincent Salzinger will continue to act as co-chairmen of the association. This will ensure a continuum in the action plan which strongly focuses on the preparatory work for the foreseen FATF visit. Recently, several events took place organised by the ALCO on various AML topics and ALCO was associated to some others.

The Board of the association has also nominated 5 advisors of the Board, Sophie Dupin, Emmanuelle Henniaux, Anne Kayser, Cédric Leynon and Jean-Yves Litampha.

This communication is also the occasion to repeat the permanent invitation to Compliance Officers operating in Luxembourg to join the association and, for those already members, to join one of our multiple working groups (details on the present website).

ALCO Presidence 2019.jpg

  

The International Bankers Forum (IBF) Luxembourg is pleased to invite you to their upcoming event which will take place on 24 April 2019 at Société Générale, 21, rue d'Epernay, from 6:00 pm to 9.00 pm.

Details about the event can be found here or on IBF's website.

To register, please send an email to info@ibf.lu

  

The Association is organising a FIU conference which will take place on 23 April 2019 at the Coque, at 5:30 p.m.. Registration starts at 5:00 p.m.

Guest speakers will be Mr. Michel Turk, the new ML/TF National Coordinator and Head of the FATF Delegation to the Ministry of Justice, and Mr. Max Braun, the new FIU Director. 

  

On 18 March 2019, in conjunction with ALFI, ALCO and LPEA professional associations, the CSSF organizes an AML/CFT conference dedicated to the fight against money laundering, terrorist financing and proliferation financing in the Luxembourg Fund Industry at the amphitheater of the "Maison du Savoir" in Belval, from 2:30 PM to 5:30 PM.


The conference will host speakers from the CSSF specialized in AML/CFT topics in the Fund Industry. They will provide feedback on the RBAC questionnaire campaign performed in 2018 and will present key findings and expectations of the AML/CFT prudential supervision measures. A panel of experts from the Industry will also discuss current AML/CFT hot topics in the Luxembourg Fund Industry. Finally, the FATF methodology which will be used to evaluate Luxembourg in 2020 will also be described and explained.

  

We are pleased to inform you that the association's General Meeting will take place on Tuesday, 26 March 2019 at the Banque Internationale à Luxembourg S.A., 69, route d'Esch, L-1470 Luxembourg.

It will be followed by a conference dedicated to AML/CTF. Guest speakers will be Mr Claude Wampach, member of the CSSF Executive Board, and Mr Guilhem Ros, member of the CSSF UCI/on site inspections team.

  

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”).

  

New Guidance - AML/CFT-related data and statistics

  

​​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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