Leonard couldn’t lull himself into dreamland. His bedside clock kept reminding him of the unforgiving passage of time—it was now 5am—and he was getting more and more jittery. You see, later that day, his team would receive training on Artificial Intelligence (AI) and how to use it in their department. …
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 …
According to our recent outsourcing study (we will come back to it later), 90% of Luxembourg’s financial centre outsources activities, confirming that outsourcing is more than just a hot topic, it’s a reality already well established in the financial sector’s organisation landscape. In addition, the market is increasingly looking to …
We start this blog entry with a trip down memory lane. Imagine you are back in 2012, waiting at the bus stop to get to work. It’s 7:48am, then 7:53am and finally 8:01am… Your bus was due to arrive at 7:40. ‘What the heck is happening?’ you wonder, your emotions …
Throughout the COVID-19 pandemic, the confined population constantly praised the work of health professionals who worked tirelessly every day to make sure patients received the care they needed. However, as the lockdown came to an end and we returned to a semblance of normalcy, the scarcity of healthcare staff in …
In the ever-changing tapestry of our society, each generation contributes unique threads that weave together the fabric of our cultural identity and define who we are. As the world progresses, generational gaps become more apparent, often accompanied by a plethora of clichés and stereotypes that attempt to define each cohort. …
When it was announced in the summer of 2023 that our firm had added a new role to our Country Leadership Team—Technology and Transformation (T&T) Leader—we at the blog were a little bit…um…well, we wondered, “What exactly is a Tech & Transfo Leader? If we are being honest, we know …
“Impossible! It doesn’t make sense!” – Léa, Compliance “How would you even do that?” – Julie, Head of IT “What are the consequences?” – Karl, Risk Meet John, an IT Officer at a local Luxembourg AIFM, core member of the IT team, whose primary responsibility is to look after Information …
Can you guess what was the amount of Value-Added Tax (VAT) due but uncollected in 2021 by the European Union (EU) Member States’ tax authorities? The ‘VAT compliance gap’ is the difference between the VAT total tax liability (VTTL) and what is actually collected by the Member States’ tax authorities. …
In November of 2019, we wrote a blog entitled The story of a single family office and the rain. It’s quite a riveting tale (and also one of our most popular and successful blogs—partly due to its style and partly due to its topic) about the potential dissolution of a …
