The transfers made by Spuerkeess in the extensive Caritas fraud case and the monitoring of these million-euro transfers will be at the heart of political debates this Monday afternoon. Following the recent €5 million fine imposed by Luxembourg’s financial regulator, the CSSF, Prime Minister Frieden and Finance Minister Gilles Roth will meet with members of the Parliament’s Finance Committee.
Spuerkeess had already received a formal injunction from the CSSF in 2020, which outlined clear corrective measures, including improved transaction filtering and stricter verification of payment data. The government now has explicitly stated that it regrets that structural shortcomings persist in the bank’s oversight of transactions, ultimately resulting in the bank receiving yet another administrative sanction.
Finance Minister Gilles Roth made the statement in response to a parliamentary question from ADR MP Tom Weidig. He also confirmed that by November, Spuerkeess will work with an international consulting firm to develop a comprehensive plan to improve its anti-money laundering and counter-terrorism financing measures.
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(29.08.2025) Sanktioun géint Spuerkeess: De Gilles Roth wosst Bescheed, de Luc Frieden net
