AML/CFT/CPF Audit Preparation ¦ Luxembourg
Anti-Money Laundering (AML), CFT and CPF audit preparation for Luxembourg entities – regulator-ready documentation, mock audits, and remediation aligned with CSSF, AED, CRF and EU AML rules.
The following information is provided for general informational purposes and does not form part of our editorial content. It relates to our professional services in Financial Crime.
concilio et labore GmbH is not authorised to act as an auditor and does not perform audit services; however, it supports institutions in preparing for audits and inspections.
The services described are provided by
concilio et labore GmbH,
which was founded by Bastian Schwind-Wagner. Bastian is a Certified Anti-Financial Crime Professional (CAFCP), a qualification validated by TU Dublin.
Overview
Prepare for AML/CFT/CPF audits with confidence, safe in the knowledge that you have the support of specialists who are familiar with the specific needs of Luxembourg management companies, alternative investment fund managers (AIFMs), investment funds and other supervised professional services firms. This support will help you to implement effective anti-money laundering and anti-terrorist financing measures within your organisation.
Why choose our AML/CFT/CPF audit preparation in Luxembourg?
- Local regulatory expertise: Deep knowledge of CSSF, AED, CRF, FIU, and Luxembourg-specific expectations for money laundering and terrorist financing frameworks.
- Practical remediation: We provide actionable gap closure plans with prioritised remediation steps and timelines aligned to your risk profile, to assist and help ensure an upturn in compliance.
- Hands-on audit readiness: Mock audits, checks, sample evidence packs, and on-site support during regulator examinations.
- Cross-border and fund expertise: Experience advising UCITS, AIFMs, SIFs and RAIFs on Luxembourg compliance expectations and evaluate compliance solutions in the financial sector.
Our AML/CFT/CPF Audit Preparation Services
Rapid Diagnostic & Gap Analysis
We conduct a rapid, risk-based diagnostic of policies, procedures, governance, KYC/CDD, transaction monitoring, sanctions screening, AML transaction reporting, and CPF controls to identify gaps against Luxembourg and EU legal and regulatory requirements.
Documentation & Evidence Pack Preparation
We prepare and provide tailored regulator-ready documentation: AML/CFT/CPF policies, risk appetite statements, risk assessments, procedure manuals, board minutes summaries, training records and packaged evidence to respond to regulator requests.
Controls Testing & Independent Review
Sample testing of KYC files, transaction monitoring alerts, sanctions hits and suspicious activity reporting processes with detailed findings to gain important insights, impact assessment and remediation prioritisation.
Mock Audits & Examiner Simulations
We propose realistic mock examinations and walkthroughs to familiarise front-line and control functions with typical regulator questions and document requests and post-simulation coaching for senior management and the board to evolve further.
Remediation Project Management
End-to-end project management to implement remediation actions, track progress, validate fixes and produce closure reports for internal and supervisory audiences.
Training & Board Briefings
Custom training for AML officers, compliance, front office and the board on AML/CFT/CPF obligations, red flags, roles and responsibilities and recent Luxembourg and EU regulatory developments.
Our Practical 6-Step Audit Readiness Approach
- Initiate: scope, stakeholders and timeline aligned with regulator expectations.
- Assess: focused documentation review and control testing to quantify risk and evidence gaps.
- Plan: prioritised remediation plan with quick wins and strategic fixes.
- Remediate: implement policy, process and technology changes with targeted training.
- Validate: re-testing and independent assurance to confirm remediation effectiveness.
- Support: provide on-site or virtual support during the actual audit and follow-up reporting.
Regulator-Ready Audit Checklist for Luxembourg Stakeholders
- Up-to-date AML/CFT/CPF policy and risk appetite/assessment documents specific to Luxembourg and your business model.
- Evidence of customer risk ratings, enhanced due diligence for high-risk clients and political exposed persons (PEPs).
- Transaction monitoring rules, alerts, and investigator worksheets with disposition evidence.
- Sanctions screening logs, false positive management and escalation records.
- Suspicious activity reports (SAR) register and CRF/FIU filings where applicable.
- Training logs, competency records and board minutes showing oversight of AML/CFT/CPF matters.
- Independent testing reports and remediation action-tracking status.
Key Business Benefits
- Minimise regulatory enforcement risk and potential fines.
- Reduce audit time and disruption through prepared evidence packs and mock sessions.
- Improve operational efficiency by addressing root causes of control failures.
- Strengthen board and senior management assurance with clear reporting and KPIs.
Frequently Asked Questions (FAQ)
How long does audit preparation take?
Typical readiness projects run from 2–12 weeks depending on size and complexity. Rapid diagnostics can be completed in under 10 business days.
Do you provide expert on-site support during the regulator inspection?
Yes. We provide skilled on-site or virtual support to manage document requests, respond to examiner questions and coordinate senior management interactions.
Are you familiar with Luxembourg-specific AML/CFT/CPF and KYC guidance?
Yes. We have hands-on experience with CSSF/AED guidance, CRF/FIU expectations, and EU AML directives as implemented in Luxembourg.
How does this service fit within the broader AFC offering?
Preparation for AML/CFT/CPF audits and independent reviews form an important part of the broader Anti‑Financial Crime framework. This service is closely linked to AML/CFT/CPF compliance, risk assessment, KYC and CDD, transaction monitoring, and sanctions compliance, which are addressed on dedicated service pages within our Anti-Financial Crime offering.
Get started today
If you are preparing for an AML/CFT/CPF audit, responding to supervisory feedback, or strengthening your audit readiness, a structured and proportionate preparation approach is essential. Secure your regulator-ready position now. Schedule a complimentary scoping call and receive a tailored readiness plan.
✒Send us a message and we’ll get back to you.
✉E-mail us at e-mail@cetl.lu.
Rest assured, your query is important to us and we will respond shortly.
☏You can also contact Bastian on +49 171 5356474. If he is unable to answer your call immediately, he will call you back.
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