The Directors' Office

Quelles priorités voyez-vous pour l'ESG dans les Années à venir? Hear from our Partner Nathalie Dogniez in Paris at the 2024 Annual conference of EAPSPI (Public Sector Pensions) in her capacity as President of Eurosif.

As the EU adopts new AML/CFT regulations, it's clear we're moving towards an even more harmonized compliance framework. Article 11 of AMLR raises an important question for Luxembourg: will the collective RR model remain viable? The wording seems to imply a shift towards a single designated person for both RC and RR roles. Or, does the management body’s collective responsibility allow the collective RR to continue, with a delegated RR added? Your insights on this would be valuable. Feel free to share your thoughts and engage in the discussion! #Governance #Compliance #Luxembourg

Many thanks to all who joined us at our annual reception. The full gallery from our annual reception is now live on this link! https://lnkd.in/eUqyRZMd

It was a pleasure for me to take part in this panel with Anabela Lourenço and François Pfister. Many thanks to LPEA for making it possible.

Last night we welcomed many senior members of Luxembourg's business community to our annual reception in the Golf Club Grand Ducal to hear from Beryl Koltz head of Luxembourg brand promotion about what are the key messages and values they are encouraging all stakeholders to reflect in their communication. Many thanks to all who came and we look forward to seeing you again. Full gallery to appear on www.thedirectorsoffice.com

When launching new funds in Luxembourg choosing Independent Directors who have already worked with many of the service providers can give you the insights you need for successful fund management. Good to hear from our lead partner Paul de Quant with his views.

It can be easy to take national security for granted, great to hear from our partner Carlo A Montagna with his reminder that Luxembourg's stability is an essential prerequisite for all of our business lives.

As we prepare for our annual reception next week. We are focusing on the many positive attributes that Luxembourg maintains for the benefit of the business community. Great to hear from our Partner Sheenagh Gordon-Hart MA BFP FCA with her views.

Many thanks to the team at ZEDRA especially Wim Ritz and Frank Walenta for the excellent event last night, where we were represented by our Partner Dominique Valschaerts l. Especially good to catch up with Luc Neuberg, PhD President of GFR.

🔍 Non-Profit Organizations: Enhanced Vigilance Against Money Laundering 📅 On May 30, 2024, the CSSF issued a critical communiqué regarding non-profit organizations and the fight against terrorism financing. ❓ The crucial question is: how many NPO directors, who are often not involved in financial services, have actually seen this communiqué? Here are the key points: 1/ Risk Assessments: Risk assessments published by the Ministry of Justice in 2022 indicate a high risk of terrorism financing for certain NPOs. 2/ 2/ Vulnerabilities: Donations received and the destination of funds should be closely watched. 3/ Increased Pressure: Banks are now required to closely monitor NPO activities and document the roles and responsibilities of governing bodies. In cases of doubt, they might even terminate their services. It is imperative for NPO directors to be aware of these risks and take proactive measures. Governance must extend beyond traditional obligations to include robust controls against money laundering and terrorism financing. What are your thoughts on this topic? 📖 Read the full press release here: https://lnkd.in/e2YBrEhq #Gouvernance #NonProfit #Compliance #AntiMoneyLaundering #ASBL #Fondations #CSSF #CharlesMuller