Luxembourg watchdog freezes €87m in anti-money laundering push

Pedro Gonçalves
clock • 1 min read

Luxembourg's financial crime agency froze €87m worth of assets with links to money laundering in 2018, seven times as much as the previous year. Luxembourg's Cellule de Renseignement Financier (CRF) is stepping up its fight against money laundering before it faces an international inspection next year.  Most of the €87m worth of assets frozen by the regulator had ties to corruption, according to the CRF report, as the LuxTimes reports. In 2017, the financial crime agency had frozen €12.5m. In just one year the CRF got €75m more worth of transactions blocked. A hike that could be ex...

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