{"id":20828,"date":"2026-02-27T14:15:11","date_gmt":"2026-02-27T14:15:11","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/20828\/"},"modified":"2026-02-27T14:15:11","modified_gmt":"2026-02-27T14:15:11","slug":"latest-luxembourg-police-raid-swiss-private-bank-efg-in-money-laundering-probe","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/20828\/","title":{"rendered":"LATEST: Luxembourg police raid Swiss private bank EFG in money laundering probe"},"content":{"rendered":"<p>By PAUL O\u2019DONOGHUE, Senior Correspondent<\/p>\n<p class=\"has-drop-cap\">LUXEMBOURG police have raided EFG International, one of Switzerland\u2019s largest private banks, as part of a probe into suspected money laundering.<\/p>\n<p>The search focused on several potential issues, including a lack of customer oversight and potential AML rule breaches.<\/p>\n<p>In a statement to AML Intelligence, EFG said: \u201cWe confirm that on 24 February 2026 local authorities were on site in our offices in Luxembourg.<\/p>\n<p>\u201cWe are fully cooperating with the authorities in this preliminary investigation. <\/p>\n<p>\u201cEFG is committed to maintaining a robust and effective risk and compliance framework and to fully comply with all applicable laws and regulations.\u201d<\/p>\n<p>EFG Bank (Luxembourg) is a subsidiary of the Swiss group EFG International. It is one of Switzerland\u2019s largest private lenders, with over 3,000 employees.<\/p>\n<p>The bank provides wealth management and services for high-net-worth and institutional clients.<\/p>\n<p>Some 24 members of the Judicial Police Service searched the premises of EFG Bank (Luxembourg) earlier this week. The raid is part of a preliminary investigation opened in 2025. <\/p>\n<p>Two officials from the Luxembourg Public Prosecutor\u2019s Office also joined the operation.<\/p>\n<p>The Luxembourg Public Prosecutor\u2019s Office and the Judicial Police Service did not immediately respond to a request for comment.<\/p>\n<p>Currently, officials have not announced any charges.<\/p>\n<p>The move comes as Swiss banks have come under the spotlight internationally over potential AML issues. <\/p>\n<p>Yesterday, the U.S. <a href=\"https:\/\/www.amlintelligence.com\/2026\/02\/breaking-us-moves-to-cut-swiss-bank-mbaer-from-financial-system-over-iran-russia-links\/\" rel=\"nofollow noopener\" target=\"_blank\">moved to cut MBaer Merchant Bank AG off from the U.S. financial system<\/a>. The Treasury Department claimed that the bank  facilitated corruption linked to Russian money laundering.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/phone-tablet-desktop.png\" alt=\"AML Intelligence\"\/>We hope you enjoyed reading this article<\/p>\n<p class=\"amlpmp-content-message__description\">If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!<\/p>\n<p><a class=\"amlpmp-content-message__button amlpmp-content-message__button--primary\" href=\"https:\/\/www.amlintelligence.com\/membership-account\/membership-levels\" rel=\"nofollow noopener\" target=\"_blank\">View subscription options<\/a><a class=\"amlpmp-content-message__button amlpmp-content-message__button--transparent\" href=\"https:\/\/www.amlintelligence.com\/login\" rel=\"nofollow noopener\" target=\"_blank\">If you have an account, log in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By PAUL O\u2019DONOGHUE, Senior Correspondent LUXEMBOURG police have raided EFG International, one of Switzerland\u2019s largest private banks, as&hellip;\n","protected":false},"author":2,"featured_media":20829,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[2009,13803,13804,13045,41,17],"class_list":["post-20828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-banking","tag-efg-international","tag-luxembourg","tag-money-laundering","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=20828"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/20829"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=20828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=20828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=20828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}