The French Cour de cassation (Supreme Court) last Thursday published three important jurisprudences in three litigations where the French journalist Denis Robert was prosecuted by Clearstream (former Cedel) for publishing a book explaining ML through Clearstream.
Clearstream is a clearing house like its competitor Euroclear. It is amazing to observe that both clearing houses are located in secrecy jurisdictions: according to TJN, Luxembourg is scored 87% secrecy and Belgium is scored 73% secrecy.
Lucy Komisar wrote in English about Clearstream and Denis Robert's work 10 years ago.
I am afraid what Denis Robert investigated and wrote is now a judiciary truth.
However after FATF report, that is another huge slam in the face for the "professional standing made in Luxembourg" and the so-called compliance of the center.
It is no use multiplying compliance regulations and procedures when facts are denied. Business ethics is not a matter of procedure but a matter of behaviour.
PS: for French readers, the three jurisprudences are available there.