Developer - Luxembourg - Manual of procedures - AML/CFT
Content:
Version 5.0 (Special Real Estate Developers)
Completely reprocessed, with several new forms and templates (incl. template outsourcing agreement) and integration of EU regulations of 31 May 2024.
Summary. Glossary.
Chap. 1. Introduction to Money Laundering and Terrorist Financing.
Chap. 2. Due diligence obligations.
Chap. 3. Obligations of an adequate internal organisation.
Chap. 4. Obligations of cooperation with authorities.
Chap. 5. Sanctions
Annexes:
1 - Specific nominal data
2 - Business risk analysis (template)
3-4 - Client identification (form) (physical persons, legal entities, proxy holders).
5-6 Client risk assessment (templates) (physical persons, legal entities).
7 - Beneficial owner statement (form).
8 - PEP statement (form)
9 - Statement regarding source of funds and source of wealth (form)
10 - Checkliste (template)
11 - Appointment decision of the Compliance Officer
12 - Procedure Conflict of interests
13 - Outsourcing agreement (template)
14 - Register Financial Sanctions
15 - Law of 12 November 2004.
16 - Regulation of 1 February 2010.
17 - Law of 19 December 2020.
18 - EU Regulation 2024/1620
19 - EU-Regulation 2024/1624
20 - EU-Directive 2024/1640
Info
Product Info
Type of product
This digital product is a template manual of procedures which real estate developers in Luxembourg must have and be able to present to supervisory authorities. Drafted in English language.
It allows customization for the individual needs of the developer. It comes with precise instructions and a 5 step-plan which permits to have an entirely customized manual within 1 hour of time.
It comprises more than 130 pages of internal proceedings, and 20 attachments (risk analysis templates, client identification forms, applicable laws).
The template is entirely based on Luxembourg law. Developers working in other countries than Luxembourg need to adapt it to the legal requirements of that jurisdiction.
Conditions of sale
The template shall only be used for internal use by a real estate developer. It shall not be sold to third parties or transmitted to any third persons without the prior authorisation of the product owner. It shall not be duplicated or used for commercial purposes.
Anyone not respecting these conditions of sale shall be subject to requests and/or legal proceedings resulting in the payment of indemnity to compensate any loss or damage that has been or might be incurred by the product owner.
Delivery
Delivery of the template in a Word and a PDF file, transmitted by e-mail to the e-mail address provided in the purchase order.