Investigators carried out a search on Tuesday February 24 at the premises of EFG Bank (Luxembourg) as part of a preliminary inquiry opened in 2025. The proceedings are targeting the bank in particular on charges of money laundering as well as for alleged breaches of the amended law of 12 November 2004 on the fight against money laundering and the financing of terrorism.

According to the information provided, the facts examined relate in particular to suspicions of a lack of customer due diligence, a lack of adequate internal organisation and a failure to comply with the obligations to cooperate with the competent authorities, as provided for by the Luxembourg AML/CFT legal framework.

The search took place in the presence of 24 members of the Service de police judiciaire, from the anti-money laundering section and the "new technologies" section, as well as two members of the Luxembourg public prosecutor's office. The authorities carried out search and seizure operations as part of the ongoing investigations.

It should be noted that this investigation is being conducted on an exonerated and exculpatory basis and that the principle of the presumption of innocence fully applies to all the persons and entities concerned as long as no final judicial decision has been taken. At this stage, no indictments or convictions have been announced.

The preliminary investigation is continuing under the authority of the Luxembourg public prosecutor's office.

A subsidiary of the Swiss group EFG International, the bank operates mainly in wealth management and services for wealthy and institutional clients. It is one of the banking institutions active in the Luxembourg financial centre and also carries out cross-border activities within the European Union.