BANKS – NO CONCRETE OFFER TO BUY BIL SAYS MINISTER

luxembourg security privacy defense police cyber

keywords: finance, bank, financial security, systemic risk, bil, luxembourg. Since the revelation by Bloomberg last week of the possible sale of Banque Internationale à Luxembourg (BIL) by its Qatari majority shareholder, rumors are going on about the future of this pillar of the Luxembourg economy. To the point that the national representation questions the Minister of Finance Pierre Gramegna. The Minister declared on Friday, May 5, that to his knowledge no offer to buy was made on BIL (and in particular the state share) and that in case of shareholder…

Read More

MY MONEY – The new 50 euros bank note is coming – Why and How

luxembourg security privacy defense police cyber

keywords: counterfeit banknotes, counterfeiters, tamper-resistant, scam, luxembourg.   Remember, when presenting the current euro banknotes, the representative of the European Central Bank (ECB) asserted that they were inviolable and tamper-resistant. Yes, but it was underestimating the ability of counterfeiters to adapt and circumvent the banknotes security marks thanks to an ever more sharp and always less expensive technology, making counterfeit notes difficult to detect. And after the 50 euros counterfeit banknotes circulating in Luxembourg alert at Christmas last year, it became urgent for the ECB to take the lead. And it…

Read More

LUXEMBOURG – Fake (counterfeit) banknotes in circulation – ALERT

luxembourg security privacy defense police cyber - fake banknote in luxembourg

According to several prominent banking sources in the Luxembourg market, a considerable amount of counterfeit notes is currently circulating in the Grand Duchy. These are mainly 50 euro notes with thicker than normal paper and a matte hologram. They may seem easily detectable but counterfeiters want to take advantage of the crowd that is currently found in the Christmas market and in boutiques, Luxembourgers preparing their Christmas gifts and are less attentive, as well as traders. We therefore draw your attention to these counterfeit notes. Know that a fake note…

Read More