CYBERSECURITY – LUXTRUST DISRUPTED TOMORROW TUESDAY

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keywords: luxtrust, cybersecurity week, digital identity, luxembourg. Luxtrust announces on Monday morning to its large bank customers a period of maintenance “test” tomorrow Tuesday 17 October 2017 from 09:00 to 12:00 that may cause disruption. In the middle of the cybersecurity week in Luxembourg, let’s remind that Luxtrust is a company whose Luxembourg State is a shareholder, as well as the main banks of the Luxembourg market, and is the pillar of the digital identity in the Grand Duchy. Share this page with:

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FINANCIAL SECURITY – BIL TO BE BOUGHT BY CHINESE GROUP

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keywords: banque internationale à luxembourg, qatar, legend group, luxembourg. According to the Washington Post and Reuters a person close to the matter told them that the Banque Internationale à Luxembourg (BIL) is about to be bought by the Legend Group, a Chinese giant that owns Lenovo Group. The price of BIL bank would be between 1 billion and 1.5 billion euro. The Qatari owner was considering a price close to 1.5 billion euro at the time of the sale consideration announcement. BIL is a systemic bank for the Luxembourg economy….

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BANKS – NO CONCRETE OFFER TO BUY BIL SAYS MINISTER

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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…

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

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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…

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LUXEMBOURG – Fake (counterfeit) banknotes in circulation – ALERT

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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…

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