Luxembourg's financial regulator found weaknesses in 73% of the 84 management companies it reviewed for AML controls in fund distribution, signalling tougher inspections ahead of the 2026 SREP cycle.
A recent Luxembourg fraud case shows how money mule schemes work and why bank-account access can create serious criminal exposure.
Effective 28 April 2026, Luxembourg veteran Norbert Becker takes over as chair of the board of Edmond de Rothschild's Luxembourg subsidiary, in the cleanest signal yet that the bank is post-1MDB.
The Luxembourg subsidiary of Edmond de Rothschild paid €25 million to settle criminal charges connected to Malaysia's 1MDB sovereign-wealth-fund scandal — a precedent the financial centre will not be able to forget.
Investigators from the Grand Duchy raided the Luxembourg subsidiary of the Swiss private bank EFG on 24 February 2026, focusing on suspected client-vigilance and AML control failures.