In April 2024, PwC published its first-ever survey on anti-money laundering (AML) in the Europe, Middle East, and Africa (EMEA) region, led by our anti-financial crime team. The ‘EMEA AML Survey 2024’ gathered responses from hundreds of financial institutions across 40 countries and provided an unprecedented look at how AML …
Artificial Intelligence (AI) has caused revolutionary changes in the rapidly evolving fields of technology and finance. It brings unprecedented opportunities for innovation and efficiency, but it also introduces new challenges, especially when it comes to financial security. Anti-Money Laundering (AML) is one critical area where the combination of AI …
If you have been following the news, you are likely aware that Luxembourg’s neighbours—Belgium, France, Germany and the Netherlands—have been facing a number of terrorist attacks over the years. This and the current geopolitical situation call for an increased level of controls to counter terrorism financing. In this context, the …
“Impunity is over.” These were the words professed by the Ministry of Labour and the Inspectorate of Labour and Mines (ITM) that stuck in Myriam’s head after reading an article about the new bill against harassment at work from the Luxembourgish media RTL Today. It was early May 2023, in …
It’s a cold Friday morning and Robert is looking out the window, taking in the light streaming right through his office and trying to appreciate the snowy and peaceful landscape. Sadly, that’s a hard thing for him to do as the atmosphere outside doesn’t match how he feels. You see, …
We all know the whistleblower Edward Snowden – there’s even a movie about him! Or this other thriller with Keira Knightley, what was it called? Oh right, “Official secrets”. And recently there was this lady, Frances Haugen. We certainly do see a lot of whistleblowers in the news and their …
Luxembourg is anti-money laundering (AML) and counter-terrorism financing (CTF) compliant. Both matters are, indeed, at the top of its agenda. This isn’t a recent commitment, rather, it dates back almost two decades. This article revisits the country’s developments on the matter. Unquestionably, the impact of money laundering (ML) and terrorist …
Cyber threats are skyrocketing. As we’ve recently seen, hackers come up with increasingly sophisticated malware, targeting all industries, including the financial sector. While they easily trade hacking tools on the dark web, many companies still fail to properly take into account cybersecurity risks. Since crises are hard to anticipate and …
Cyber crimes, money laundering, robbery, selling of controlled substances, and abuses of economic aid are all examples of economic crimes. New criminal trends have recently emerged in different business sectors and industries. We interviewed Robert Mazur, the former US federal agent who went undercover deep into Pablo Escobar’s Medellín Cartel and …
