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NEWS: Luxembourg state bank Spuerkeess fined €5M for AML failings

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Spuerkeess headquarters at Place De Metz in Luxembourg. Picture: Wikimedia Commons

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AMLA DAY ANALYSIS: Agency is racing against time to tackle divergence, crypto and AI as political backing comes with conditions

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OPINION: As AMLA pivots mission from rules to harmonisation, the challenge is to follow through and deliver

AMLA DAY HIGHLIGHTS: Three times Brussels fires clear shots across agency’s bow, our ‘Word of the Day’ plus ‘Faces We Spotted in the Crowd’

By PAUL O’DONOGHUE, Senior Correspondent

LUXEMBOURG’S financial regulator has fined state-owned bank Spuerkeess €4.96 million for AML (anti-money laundering) failings.

Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial watchdog, highlighted issues around the company’s due diligence measures.

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Premium

AMLA DAY ANALYSIS: Agency is racing against time to tackle divergence, crypto and AI as political backing comes with conditions

 Premium

OPINION: As AMLA pivots mission from rules to harmonisation, the challenge is to follow through and deliver

AMLA DAY HIGHLIGHTS: Three times Brussels fires clear shots across agency’s bow, our ‘Word of the Day’ plus ‘Faces We Spotted in the Crowd’

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