Status of Luxembourg’s Attractiveness as a Financial Sector is Questioned

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Sunday, March 1, 1992
Volume: 
8
Issue: 
3
Pg. 86
Abstract: 
Recently international investment counselors have questioned the continued attractiveness of Luxembourg’s financial sector due to its alleged breach of secrecy rules. In particular, the allegation is that in January 1992, Luxembourg banks approached police investigators with information about the operations of Franklin Jurado, a Colombian national now on trial for violations of Luxembourg’s money laundering law…[more]