Skip to content
ABBL Logo
Switch to consumers

Professional Obligations Committee

The Professional Obligations Committee handles topics related to the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. The international nature of the Luxembourg banking sector means that products, service and activities offered by financial institutions are inherently cross-border in character, demanding a high level of vigilance in the area of combatting abuse.

The Committee has several Working Groups dealing with specific topics, and provides information to the Compliance Forum and Related Working Groups.

Related Working Groups

  • Compliance Expert (Working group)
  • Private Banking (Expert Working group)
  • KYC and bank account opening (Task force)
  • AML / CFT Handbook (Working group)
  • Sanctions Regime (Working group)
  • The Reporting Obligations – CRF (Working group)