AML/CFT conference explores strategies to combat financial crime

With nearly 200 participants representing a wide range of financial institutions, the conference served as a central platform to foster collaboration and innovation in the fight against financial crime. Keynote speakers from regulatory bodies such as the CSSF, the Luxembourg Ministry of Justice, the European Public Prosecutor’s Office (EPPO) and the Financial Intelligence Unit (FIU) shared valuable information and best practice.

Key ideas

The conference featured insightful sessions on a range of key issues:

Transparency and Collaboration

Leading figures such as Claude Marx and Claude Wampach explained the paramount importance of transparency and collaboration in the fight against financial crime. They stressed the need for strong public-private partnerships and to take advantage of technological advances such as data analysis, AI and Regtechs.

Use cases and best practices

Participants benefited from the latest use cases on corruption and terrorist financing presented by Max Braun, as well as advice on best practices for dealing with suspicious transaction reports. Gabriel Seixas of the EPPO provided valuable information on the role and actions of the European Public Prosecutor’s Office.

Vertical risk assessments

Antton Madinabeitia and Laura Reiff from the Ministry of Justice delved into vertical risk assessments concerning legal persons and terrorist financing, providing participants with actionable information.

Meeting future challenges

Camille Seillès and Julien Leroy stressed the importance of adhering to a risk-based approach and discussed the future challenges posed by forthcoming AML regulations.

Looking ahead

As the industry evolves and new challenges emerge, the ABBL remains committed to facilitating dialogue, collaboration, and continuous innovation. The association and its partners eagerly anticipate the next edition of the AML/CFT conference, where they will continue to address pressing issues and explore strategies to stay ahead in the fight against financial crime.

More information?

For more information and updates, please contact Julien Leroy, Senior Legal Adviser at the ABBL.

The House of Training also offers a course on AML – Anti Money Laundering: Sanctions and Counterterrorism Financing – CTF.  More information