Archives > 2010-11

  In various articles of this blog I have highlighted dysfunctions and deficiencies in the Luxembourg financial center to show poor ethics and poor governance, contradicting the official propaganda on compliance with FATF Regs and on the positive IMF assessment on the legal and regulatory framework to fight ML and the financing of terrorism. Two years ago I had warned that when FATF visits Luxembourg in the next months, it might consider what is behind the frontage of compliance.   The Mutual Evaluation of Luxembourg, which was published in 2010 , was actually terrible for the...