Implementing a Risk-Based Approach in Luxembourg’s Fund Sector: Key Considerations
In Luxembourg’s dynamic financial sector, the risk-based approach (RBA) remains a cornerstone of anti-money laundering and counter-terrorist financing (AML/CFT) frameworks. For professionals serving as Responsable du Respect (RR) and Responsable Compliance (RC), understanding the legal obligations, practical implementation, and evolving supervisory expectations is critical. This article explores the RBA’s foundations, operational challenges, and best practices under Luxembourg’s regulatory hierarchy….