Money Laundering Bulletin
Spuerkeess pay €5m in Luxembourg for monitoring and CDD failings
The Banque et Caisse d'Épargne de l'État, or Spuerkeess, was fined €4,968,780 (US$5,746,780) on 2 May [1] in Luxembourg for compliance failings in transaction monitoring and customer due diligence.
The Banque et Caisse d'Épargne de l'État, or Spuerkeess, was fined €4,968,780 (US$5,746,780) on 2 May [2025] [1] in Luxembourg
for compliance failings in transaction monitoring and customer due diligence (CDD).