LUXEMBOURG – NO STRICT LIMITATIONS ON CASH MONEY USE

luxembourg security privacy defense police cyber

keywords: cash, cash money, terrorism financing, luxembourg. There will be no limit for cash payments in Luxembourg, according to Minister of Finance Pierre Gramegna on Monday, responding to MP Laurent Mosar (CSV). While many European countries have set limits for cash payments (Belgium, Bulgaria, Croatia, Czech Republic, Denmark, France, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Slovakia, Slovenia and Spain) this is not the case in Luxembourg. The Minister reminds that the European directives on money laundering and the financing of terrorism did not provide for such limitations. However, even…

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LUXEMBOURG – STRICT LIMITATIONS ON CASH MONEY SOON ?

luxembourg security privacy defense police cyber

keywords: cash, cash money, terrorism financing, luxembourg. One way to fight terrorism is to prevent its financing. The procedures for tracing banking transactions are increasing and are so effective that potential terrorists no longer use the traditional banking system for transfers. Recent attacks in Europe have been financed either by consumer loans or by cash exchanges. States are gradually introducing legislation to restrict the use of cash money. To take only our neighbours, this is the case in France since September 1, 2015 where a cash payment is allowed for…

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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…

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DEFENSE – Want to make someone betray his company or country? Think MISE! (espionage)

luxembourg security privacy defense police cyber

keywords : intelligence services, betray, secrecy, money, ideology, ego. Intelligence Services (IS) are continuously looking for the good information. In order to find this good information, they have many options. Nowadays the Internet takes an important part, as the electronic exchanges and social networks take a big part of our lives. But it is not the only option to do so. Historically they insist on human intelligence. And of course it is still the case. The idea is to find out the person who can access the desired information, and…

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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…

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