AML/CFT applied to Luxembourg Insurance Sector

The training outlines the AML/CFT obligations for the insurance sector in Luxembourg, based on the law of 12 November 2004, AMLD directives, and CAA regulations. Life insurance is particularly exposed to money laundering through rapid redemptions or complex structures. Companies must apply a risk-based approach and maintain continuous vigilance (KYC, source of funds). Enhanced due diligence is required for PEPs, high-risk countries, and suspicious transactions, which must be reported to the FIU. Finally, individual responsibility and a strong compliance culture are essential to protect the reputation of the financial sector.