AML-CTF Advisory

Growing pressure to adhere to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws and regulations has significantly increased the pressure on the financial sector in Luxembourg. Non-compliance may lead to substantial fines imposed by the CSSF, coupled with potential reputational damage.

To ensure compliance with standards, companies are required to take the following essential steps:

• Establish a robust compliance framework aligned with regulatory standards.
• Enforce stringent Know Your Customer (KYC) procedures to verify customer identities and mitigate risks.
• Conduct thorough risk assessments and implement corresponding mitigation strategies.
• Provide training to employees to enhance and maintain their understanding of compliance and risk management.
• Maintain accurate and updated records of transactions, customer due diligence, and risk assessment findings.

Origo supports you in the production and completion of any of the above tasks.