Sector · Supervision · Asset Servicing

Fuchs & Associés fined again, for money laundering, tax fraud

Fuchs pressed into action to solve compliance and IT problems
Less than a week before announcing the sale of its asset management services arm, Luxembourg’s troubled investment firm Fuchs & Associés Finance - still in liquidation - was fined €785,000 by the Grand Duchy’s financial supervisor CSSF under laws on the fight against money laundering and terrorist financing.
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