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Group Discussion

WORKING GROUPS

WG16 - COMMUNICATION

To restore regular ALCO newsletters.

  • Steven Curfs 

WG27 - TRAINING - HOUSE OF TRAINING

Develops the Compliance training materials within the framework of the partnership between ALCO and IFBL. It ensures that training is up to date according to legal and regulatory developments. Developing the M1, M2 and M3 exams while renewing them regularly; also in charge of corrections and composition of the jury.

  • Hervé Ballone 

  • Soraya Guerin 

WG30 - SPECIALIsED & AUXILIARY FSPs

To discuss the implementation of the regulation impacting the specialised and Auxiliary FSPs and to provide tools and guidelines to apply regulatory requirements.

  • Sundhevy Debrand

WG38 - insurance

Works on various topics related to the insurance industry (new laws, regulations, guidelines and best practices…).

  • Marie Grillot 

WG40 - Responsibility of the Compliance Officer in management companies

Defines the Compliance function within Management Companies.

  • Giovanni Cataldi 

  • Sophie Dupin

WG45 - EVENTS

Event organisation.

  • Anna Roehrs 

  • Marie Grillot 

  • Xavier Leydier

WG45 - Subgroup - Round tables

Selects specific themes that ALCO Members regularly face and to facilitate the sharing of experiences, questions and ideas in a round table format. Summaries are available to all Members via the ALCO website.​

  • Anna Roehrs 

  • Xavier Leydier 

WG46 - cOMPLIANCE OFFICERS OF LAW FIRMS

Defines the Compliance function within Law Firms.

  • Nathalie Bloch 

WG48 - Regulations & news updates on the fight against money laundering & the financing of terrorism (including the 6th Directive)

Monitors the development of regulations around the fight against money laundering and the financing of terrorism (AML/CFT), and to deal with current issues related to this area.

  • Sylvain Aubry

  • Giovanni Cataldi 

  • Steven Curfs 

WG48 - SUBGROUP - DIGITAL KYC

​Gather and discuss the challenges of Digital KYC, the current technical solutions and the EBA guidelines on the use of remote customer onboarding, and other applicable regulations.

  • Sylvain Aubry

WG50 - The Compliance function of the Transfer Agent & the relationship with the Management Company

Defines the Compliance function of the Transfer Agent, to discuss market practices and the legal/regulatory obligations inherent in this function. Also in charge of setting up a "best practice guide" for the Compliance function of the Transfer Agent, as well as dealing with the relationship between the Transfer Agent and the Management Company.​

  • Sundhevy Debrand 

  • Hervé Ballone 

Facilitate discussions and exchanges among Chief Compliance Officers, identifying arising risks and trends in the banking industry. A focus is made on last regulatory inspections underlining new expectations.

  • Vincent Salzinger 

  • Bertrand Parfait 

WG51 - banks - CCO FORUM

Discuss regulatory changes related to outsourcing and to build guidance on the outsourcing process (role of the compliance function in the assessment/acceptance/filling of outsourced process, compliance monitoring program for oversight on outsourcing, good practices KPI/KRI/oversight and compliance outsourcing process).

  • Sylvain Aubry 

WG51 - Subgroup - OUTSOURCING TECHNICAL FORUM

WG52 - VIRTUAL ASSETS/CRYPTO

Establish practical guidelines around virtual assets as defined by the legislation for bank, credit institutions, professional in the financial sector, including virtual assets service providers. Following recent publication by the CSSF. WG has also been re-established to support Compliance Officers in assessing compliance requirements with digital assets.

  • Biba Homsy

Facilitate the sharing of experiences, questions and ideas around ESG subjects.

  • Cécile Liégeois

  • Julie Van Cleemput

WG54 - ESG - DISCUSSION FORUM

In today’s landscape, financial institutions (Banks, Investment Firms, Management Companies…etc) are required to exhibit robust governance over their compliance risks. This necessitates the establishment of a transparent and effective process for identifying, assessing and monitoring risks, commonly referred to as a risk-based compliance monitoring program. In this context, the objective is to gain insight into prevailing market practices and developing a suitable conceptual framework, with specific focus on compliance risk assessment and monitoring activities. Member participation from the financial sector, affiliated with banks, investment firms and management companies, who specialise in compliance and responsible for overseeing compliance monitoring activities, supports us in gaining an understanding of the various existing frameworks within the financial industry, discuss and propose a paper that explores the key trends and future perspective of a robust framework, and collaborate in defining a common conceptual compliance framework for risk assessment and monitoring activities.

  • Bertrand Parfait

WG53 - Methodological guidelines for Compliance Officers

WG55: IFM & Fund governance & respective role & responsibilities of the different management bodies

To facilitate exchanges among Conducting Officers from Management Company/AIFM and establish practical guidelines around Governance for the fund industry including but not limited to conflict of interest.

  • Sophie Dupin

  • Hervé Ballone

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