Private Banks · Supervision

Report: Luxembourg banks struggling with compliance, AML

The PWC offices in Luxembourg. Photo: PWC.
The PWC offices in Luxembourg. Photo: PWC.
Luxembourg’s banking sector, once heralded for its stability and strong governance, is now grappling with substantial hurdles in adhering to anti-money laundering (AML) regulations, a new consultancy report reveals.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.