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Courses/ AML/CFT/ Module 2/ Lesson 2.4
Lesson 4 of 5 · Module 2

The annual cycle: who writes what, and who signs it

Three documents leave the entity every year. Who writes each one, who signs it, and the one your auditor writes about you without showing you a draft.

2:51 Module 2. The RC and the RR, the two people who answer AML/CFT and KYC in Luxembourg practice
The video and the full transcript of this lesson are part of the course This page is the description of the lesson: what it is about, how long it runs and every instrument it is built from. Watching it and reading it word for word need an account with access to AML/CFT and KYC in Luxembourg practice. Two lessons of this course are open to everyone with no account and no payment.
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The narrated video runs about 1 hour 31 minutes across the 30 lessons. That is short on purpose: no filler and no reading out of the law, with the work in the transcripts, the sources, the assessments and the artefacts.

What Module 2 covers

Module 2. The RC and the RR, the two people who answer

Why Luxembourg requires two named people rather than one, what article 40 obliges you to notify to the CSSF and when, what article 43 forbids you to combine, the three documents that leave the entity every year, and what article 8-4 permits against you personally.

Sources for this lesson

Every instrument this lesson is built from, linked to its official text

Article 42(6) requires the RC to produce the annual summary report and article 42(7) requires the RR to submit it. Article 46 is the training and documentation requirement. Article 49 is the external auditor report, specified for the fund sector by Circular 21/788.

The rest of Module 2

Module 2. The RC and the RR, the two people who answer

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