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Luxembourg watchdog warns of 'fraudulent' website and leaflet
Surveillance

Luxembourg watchdog warns of 'fraudulent' website and leaflet

by AH 31.01.2018 From our online archive
BIL Patrimoine not related to Banque Internationale à Luxembourg, CSSF says
Luxembourg's financial watchdog, CSSF (Lex Kleren)

Luxembourg's financial watchdog has warned the public about a website run by BIL Patrimoine and a leaflet distributed by the company.

The company offers investment services, the Commission de Surveillance du Secteur Financier (CSSF) said in a statement on Wednesday.

However, it adds: "Both the website and the leaflet make fraudulent and deceptive use of the contact details of the Luxembourg credit institution Banque Internationale à Luxembourg, which is not related to the website and leaflet."

Banque Internationale à Luxembourg markets itself by its initials – BIL.

It is the fourth warning issued by the CSSF this month.