International sanctions

This training provides a clear, structured and highly practical overview of the international sanctions regime in the Luxembourg context. It enables participants to understand the architecture of the applicable rules, the concrete expectations of the authorities, in particular the CSSF, as well as the practical implications for financial institutions and other relevant professionals. The session covers asset freezing, the prohibition on making funds or economic resources available, and the obligations relating to screening, documentation, notification and escalation, as well as issues relating to ownership and control, namesakes, circumvention and Counter-Proliferation Financing. It also places particular emphasis on the governance of the framework, the respective roles of KYC teams, operations, Compliance, authorised management and the board of directors, as well as the key controls required for a robust framework. Illustrated by concrete examples and practical cases, this training helps participants strengthen their ability to identify sanctions risk promptly, make executable decisions within the appropriate timeframe, and demonstrate the effectiveness of their framework.