Real estate agents in Luxembourg - Get AML compliant within 2 hours time and for a price of 420 EUR
All real estate agents operating in Luxembourg are required to fully cooperate in the fight against money laundering and the financing of terrorism. To this end, they must put in place adequate and appropriate procedures.
You do not yet have an internal AML procedure? This plan will enable you to be compliant and confident for any control exercised by the competent authorities. Three steps are sufficient:
Step 1 - Assess the risk of your activity
Why should you do this?
This is an absolutely necessary prerequisite for the development of your procedure manual.
The matrix is divided into two parts: 1. assessment of the risks related to the company; 2. assessment of the risks related to business relationships and clients.
Actions to take:
1) Download a fully ready-to-use assessment matrix template HERE.
We have language versions in English, French and German.
Price:
EUR 0 - if you download directly the procedure manual template (see step 2) which also contains the evaluation matrix
EUR 90 - if you only want to download the evaluation matrix
2) Fill in the form. Sign it. Save it.
Time required: 1 hour
Prerequisite: Statistics on the number of clients and transactions over the last 3 years.