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 administrative and regulatory burden on the financial sector in Luxembourg. Non-compliance may lead to substantial fines imposed by the regulators and tax authorities, 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.