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Luxembourg watchdog warns of 'fraudulent' website and leaflet

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.