Management Companies

Fuchs fined €1.02 mln as CSSF finds lack of internal controls

Fuchs fined €1.02 mln for breach of internal controls

Financial supervisor CSSF has imposed two fines totalling 1.015 million euro on Fuchs & Associates after an on-site inspection found that the Luxembourg management company did not comply with laws for internal controls and EU requirements under the Mifid rules.

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