Sector · Asset Servicing · Supervision

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

Fuchs is the German word for fox. Photo via Flickr CC-BY-2.0
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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