Edmond de Rothschild stresses commitment to compliance after money-laundering penalty
( June 22, 2017, 16:22 GMT | Official Statement) -- MLex Summary: The Luxembourg unit of Edmond de Rothschild has pointed to improvements made to its compliance procedures after Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier, levied a 8.9 million euro on the bank today. Rothschild, which was penalized for money-laundering failings, said it had put in place a remediation plan to ensure that the highest possible standards were maintained.The full Rothschild statement follows....
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