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Allen & Overy is one of the leading international law firms in Luxembourg – offering advanced solutions to respond to increased client expectations and the provision of seamless legal services. In this series of podcasts, our lawyers share their perspectives on today’s most significant legal, regulatory and business issues. Disclaimer: podcasts are not legal advice. Laws may have changed since a podcast was recorded.
Episodes
Thursday Sep 17, 2020
Thursday Sep 17, 2020
The inclusion of virtual asset service providers in the scope of the AML Act 2004 and the additional restrictions on the use of anonymised e-money instruments showcase the need to address the “Fintech” spread in the financial sector and to mitigate the potential threats they pose to the current AML/CTF framework. Counsel Carole Schmidt and Senior Associate Baptiste Aubry discuss the implications of those measures while reminding of the need to embrace new technologies and the bright side of legal or reg-tech as powerful tools to improve AML/CTF processes, for both customers and professionals.