Fiduciaries & financial companies in Luxembourg
The software that automates KYC compliance
Automate your KYC processes in Luxembourg by centralising the information required to identify and assess your clients’ risk, ensuring compliance with anti-money laundering and counter-terrorist financing (AML)
1 in 2 fiduciaries
use Camele'on in Luxembourg
Our Camele'on clients
Software designed by and for fiduciaries in Luxembourg
Why automate KYC procedures and requirements ?
In Luxembourg, companies subject to KYC requirements must be able to identify their clients, assess their financial, legal or political risk level, and access up-to-date information throughout the business relationship. Camele’on automates the entire KYC process, helping fiduciaries save time when managing KYC files and ensuring full compliance during related regulatory checks.
- Time savings for your staff
- Reduction in manual errors
- Regulatory compliance
- Less stress during checks
- One unique software to use
- Standardised documents
Worldwide database
for KYC and AML screening
KYC procedures in Luxembourg with Camele’on
Automated screening
(via the global Dow Jones database)
Risk level analysis
(through a questionnaire designed by fiduciaries and fully customisable for each company)
Mandatory documents
required by the OEC or the CSSF in the event of an inspection (screening evidence, risk matrix, etc.)
Integrated organisational chart
(a comprehensive view of the beneficial owners)
Camele'on software
The software that simplifies KYC requirements in Luxembourg
Camele’on synchronises and centralises your clients’ personal data
by connecting to the Dow Jones database to retrieve information about a company or an individual.
Camele’on feeds KYC screening and risk assessments with relevant client information.
Through searches for individuals listed on sanctions and watchlists (PEPs, RCAs, adverse media, UBOs, terrorism, etc.).
Camele’on generates the required documents in just a few clicks
Eliminating the risk of errors or omissions and ensuring KYC compliance (screening evidence, risk matrix,...)
Your KYC reports are ready to be submitted to the authorities in PDF format.
In the event of an inspection by the OEC (for fiduciaries and accountants) or the CSSF (for financial companies).
Camele’on software in numbers
Prepare and automate KYC procedures in Luxembourg
Why use Camele'on software ?
Elimination of manual tasks and errors
Automating the various steps involved in preparing KYC procedures in Luxembourg reduces repetitive tasks and the risk of errors or omissions associated with manual processing.
Designed for fiduciaries in Luxembourg
Working with Camele’on means using a tool developed in collaboration with Luxembourg fiduciaries to meet the specific needs of the financial sector, such as the preparation of KYC requirements.
Work hours saved
Speed up the processing of your files by automating your KYC procedures. Camele’on helps you save valuable time on every file, allowing you to focus on advising and supporting your clients.
Everything you need to know about KYC requirements and procedures in Luxembourg
Inspections, companies concerned, required documents and formalities: find the answers to your questions about KYC procedures required by the competent authorities in Luxembourg.
What is KYC in Luxembourg and what is this process used for ?
KYC (Know Your Customer) refers to the checks carried out to identify a client, understand their business activities, and assess the risk associated with a potential business relationship.
In Luxembourg, this process is part of the anti-money laundering and counter-terrorist financing (AML) requirements. It involves verifying the identity of the client and their beneficial owner, and keeping this information up to date throughout the business relationship. Camele’on centralises this data and automates certain steps of the KYC process.
What KYC requirements apply to fiduciaries and accountants in Luxembourg ?
In Luxembourg, fiduciaries and accountants subject to AML/CFT requirements must :
- identify their clients and beneficial owners,
- verify the information collected about them,
- assess the risk level of each business relationship,
- carry out ongoing due diligence and keep the information up to date throughout the business relationship.
Depending on the client’s risk profile, enhanced due diligence measures may be required, particularly where certain risk factors are present, such as political, legal or financial risks.
What information must be collected during a KYC check ?
The information to be collected depends on the client’s profile and the level of risk identified.
The KYC file must include information to verify :
- the client’s identity,
- their business activities,
- their beneficial owner(s),
- the purpose of the business relationship,
- the source of funds and wealth, where required.
Camele’on centralises this information to facilitate the creation, updating and monitoring of KYC files, with access to the global Dow Jones database.
Which authority oversees compliance with KYC requirements in Luxembourg ?
The authority responsible for supervision depends on the type of professional concerned.
The Commission de Surveillance du Secteur Financier (CSSF) : supervises financial sector professionals falling within its remit.
The Ordre des Experts-Comptables (OEC) : oversees accountants under its supervision.
These authorities may check the procedures put in place to comply with KYC and AML requirements. The fiduciary or professional remains responsible for carrying out the checks and retaining the supporting documentation.
Our other features
CRM
Enter and automate all your customer-related information in a single database (name, address, bank account, etc.).
Annual accounts
Automatically generate and customise your financial statements (annual accounts and notes, SPVs, UCITS, alternative investments).
Taxation
Generate your tax forms for companies (500, 506A, 800) and for individuals (100, 110, 190), as required in Luxembourg.
VAT
Easily generate all your clients’ monthly, quarterly and annual VAT returns.
eCDF
Easily generate all your accounting documents (balance sheet, profit and loss account, etc.) for electronic filing with the authorities.
Timesheet & Invoicing
Creating your contracts, recording your team’s working hours, and creating your invoice templates.
Legal
Easily generate your legal documents (audited accounts, meeting notices, management reports, AGM minutes, audit committee reports, etc.).
BCL & CSSF
Automatically generate your regulatory reports, as required by the BCL (S2.16, S2.17, TPT OBS, etc.) and the CSSF (U1.1, etc.)
Workflow
Track the progress of your projects in real time by defining milestones and assigning tasks.
Electronic signature
Sign your documents electronically with a fully automated process and step-by-step tracking.
Bank reconciliations
Synchronise your bank statements on Camele’on® and automate the reconciliation of your transactions with your invoices.
Software for KYC requirements and monitoring in Luxembourg
Camele'on® quote and demo
Contact In-Edit to receive a personalized quote or schedule a demo of the Camele’on software.