Family offices · Wealth managers · Regulation

CSSF fines Mizuho nearly half a million euro for breaches

Google Maps: Mizuhos Trust & Banking Luxembourg

Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A.

The 17 November 2023 fine of 444,400 euros was imposed for non-compliance with professional obligations under Luxembourg’s financial sector law relating to governance and IT organisation. 

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