Sector · Supervision

CSSF: ‘Frozen accounts not to be seen as material issue’

CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.
The fact that financial institutions in Luxembourg have frozen some 86.000 investor accounts should not be regarded as a material issue because the Financial Action Task Force has not issued a recommendation on this topic, a senior official at the Grand Duchy’s financial supervisory body CSSF has said.
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