Archives > 2006-09

As of September 20, 2006, the Association of Luxembourg Compliance Officers for the Financial Sector (ALCO) and the Luxembourg Institute for Training in Banking (IFBL) signed a partnership agreement to the purpose of providing a specific training course dedicated to the job of Compliance Officer, under its various aspects. At the end of the course which will be delivered by ALCO board members among others, a certificate will be issued to attest the achieved qualification. For several years, the fight against money laundering and the financing of terrorism have been an important part of...

The CSSF in Luxembourg has a poor communication relating to fines. The only source of public information is the annual reports. Furthermore, when looking the annual reports since 2002 we may see that the number and the amount of fines is not credible compared to those of the FSA (See article “ FSA transparence on sanctions "). In 2002, in two cases fines of EUR 8,000 each were imposed on...

The FSA communicates on sanctions, which demonstrates an actual will of the financial center to ensure proper conduct in business and has a dissuasive effect. Press releases are detailed and...

The Luxembourg "Fonds de lutte contre le trafic des stupéfiants" (Fund for the Fight against Drug Trafficking) was created in 1992 in application of a provision of the 1988 United Nations...

Callum McCarthy, Chairman, FSA, was speaker at the IIB Singapore Meeting on 18 September 2006. He developed the topic "The Challenge of Basel II for Regulators". See his speech