Luxembourg Commission de Surveillance du Secteur Financier (CSSF)

European Depositary Bank SA: Reprimand

Public Notice by the Luxembourg CSSF that it has imposed a reprimand on European Depositary Bank S.A. "following the violation by the Bank of the CSSF's temporary prohibition of 5 March 2021 on the onboarding of new investment fund structures due to severe deficiencies in its organisation and governance".

Atos Luxembourg PSF SA: €18,750 Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €18,750 on Atos Luxembourg PSF S.A. "for defaults of prudential obligations related to administrative and accounting organisation".

Agir Luxembourg SA: €40K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €40,000 on PFS Agir Luxembourg S.A. for regulatory breaches.

Banque de Luxembourg SA: €1.3M Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €1.32 million on Banque de Luxembourg SA for regulatory breaches.

Vimco Luxembourg SA: €35K Fines

Public Notice by the Luxembourg CSSF that it has imposed two fines totaling €35,000 on Vimco Luxembourg S.A. for regulatory breaches.

Amundi Luxembourg SA: €153K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €153,400 on Amundi Luxembourg SA, described as an investment fund manager, for a regulatory breach.

GAM (Luxembourg) SA: €48.5K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,500 on GAM (Luxembourg) SA, described as an investment fund manager, for regulatory breaches.

Reyl Prime Solutions SA: Reprimand

Public Notice by the Luxembourg CSSF that it has issued a reprimand to Reyl Prime Solutions S.A. (in Voluntary Liquidation) for a regulatory breach.

Transnet SOC Ltd.: €15K Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €15,000 on Transnet SOC Ltd. for regulatory breaches.

Federale Management SA: €10K Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €10,000 on Federale Management S.A., described as "an investment fund manager", for regulatory breaches.

LIA Luxembourg Investment Advisors Sàrl: €10K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €10,000 on LIA Luxembourg Investment Advisors Sàrl, described as an "alternative investment fund manager", for regulatory breaches.

Agate Assets SA: €15K Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €15,000 on Agate Assets S.A. for failure to publish its 2020 annual financial report on time.

Universal-Investment-Luxembourg SA: €45K Fine

Public Notice by the Luxembourg CSSF that it has imposed a fine of €45,000 on Universal-Investment-Luxembourg S.A., described as an "investment fund manager", for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Luxembourg Business Registry, Universal-Investment-Luxembourg S.A.'s principals are identified as Frank Eggloff, Markus Neubauer, Michael Reinhard, Matthias Muller, and Sean O'Driscoll, and on the website of Universal-Investment-Luxembourg S.A. at https://www.universal-investment.com/, it is stated that the company is "a wholly owned subsidiary of Universal-Investment-Gesellschaft mbH, Frankfurt am Main" and that the "Management Board of Universal-Investment Group" comprises Michael Reinhard, "Chief Executive Officer"; Stephan Scholl, "Chief Operational Officer"; Ian Lees, "Chief Financial Officer"; Frank Eggloff, "Chief Regulatory Officer", and Katja Müller, "Chief Customer Officer".

Almagest Wealth Management SA: €150K Fine

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €150,000 on Almagest Wealth Management SA for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Luxembourg Trade and Companies Register, the representatives of Almagest Wealth Management SA are identified as Olivier Assa, Philippe Donjon de Saint Martin, and Jihad Taleb, while the company's "Managing Partner" has been identified as Benjamin Benedetto in news articles.

Praefinium: Reprimand

Public Announcement by the Luxembourg CSSF that it has reprimanded investment fund Praefinium for a regulatory breach.

Fonds AAA Sàrl: Reprimand

Public Announcement by the Luxembourg CSSF that it has reprimanded "alternative investment fund manager" Fonds AAA S.à r.l. for a regulatory breach.

GSLP International Sàrl: €106,000 Fine

Public Announcement by the Luxembourg CSSF that it has imposed a fine of €106,000 on investment firm GSLP International S.à r.l. for regulatory breaches.

Opportunité Luxembourg SA: €30,000 Fine

Public Announcement by the Luxembourg CSSF that it has imposed a fine of €30,000 on Opportunité Luxembourg S.A. for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Luxembourg Business Register showed that the managers of Opportunité Luxembourg S.A. are Jacques-Antoine de Geffrier, of Luxembourg; Serge Fouchet, of France, and Catherine Félicie Wajsman, of Luxembourg.

Candriam Luxembourg: €10,000 Fine

Public Announcement by the Luxembourg CSSF that it has imposed a fine of €10,000 on Candriam Luxembourg, formerly Dexia Equities L, an investment fund manager, for regulatory breaches.

Notz, Stucki Europe S.A.: Warning

Public Statement by the Luxembourg CSSF that it has imposed "a warning on the investment fund manager Notz, Stucki Europe S.A." for regulatory breaches.

Quamvest S.A.: €23K Fine

Public Statement by the Luxembourg CSSF that it has imposed a fine of €23,000 on Quamvest S.A. for regulatory breaches.

FAB CBO 2003-I B.V.: €10,000 Fine

Announcement by the Luxembourg CSSF that it has imposed an administrative fine of €10,000 on FAB CBO 2003-I B.V. for failure to publish its 2019 annual report "within the required time limit"

Öhman Bank SA: €41,050 Fine

Announcement by the Luxembourg CSSF that it has imposed a €41,050 fine on Öhman Bank S.A. for violations of the Market Abuse Regulation.

Vistra (Luxembourg) SA: Fine

Public Announcement by the Luxembourg CSSF that it has imposed a fine of €190,000 on Vistra (Luxembourg) SA "for serious breaches of its professional duties in the fight against money laundering and terrorist financing".

David Mapley: Four-Year Ban

Administrative Measure by the Luxembourg CSSF regarding David Mapley, a citizen of the United Kingdom.

Edward Kostka: €1,500 Fine

Administrative Sanction by the Luxembourg CSSF imposing a €1,500 fine against Edward Kostka "for professional misconduct and negligence" concerning the audit profession.