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 the Data Protection Forum.

Related Working Groups

• Private Banking (Expert Working Group)
• AML/CFT Handbook (Working group)
• Risks/KYC Private Equity structures (Working group)
• EU sanctions against Russia (Working group)
• Bank Accounts Registry (7512) (Working group)
• Sensibilisation FATF (Working group)
• Data Protection (Working group)
• Compliance Expert (Working Group)
• Task Force retail-bank accounts issues