The AFA participates in the seminar on AML/CFT supervision for the Securities sector



The CEO of the AFA, Mr. Ramón López, has participated in the seminar/workshop organized by the IOSCO (International Organization of Securities Commissions) and the CSSF (Commission de Surveillance du Secteur Financier) called "AML/CFT supervision for the Securities sector" which took place in Luxembourg on the 21 and 22 October 2019.

On this meeting attended by securities supervisors and other members of the international financial community, the AFA's CEO was invited as a speaker to the section called International cooperation, the cornestone of cross-border AML/CFT enforcement in the Securities sector on Monday, 21 October and as a panelist on Tuesday, 22 October.

In both speeches, Mr. López explained all the progress made by Andorra in terms of financial sector regulation and supervision methodology, highlighting the homogenization at European and international levels. He also emphasized the close cooperation between the AFA and the UIFAND, the supervisor of anti-money laundering and counterfeiting the financing of terrorism (AML/CFT), in the exercise of their supervisory functions, to the extent of carrying out joint on-site inspections of the supervised entities. In addition, he explained how the risk-based supervisory methodology is applied by the AFA. In particular, he highlighted that the AFA's supervisory model incorporates the results of this cooperation between supervisors as relevant variables for the analysis of supervised entities from a prudential point of view.

For more details on this event, can visit the CSSF website:

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For more details on other official events in which the AFA has participated in:

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Source: Andorran Financial Authority