Luxembourg watchdog issues public warnings about two 'unknown' entities
The Commission de Surveillance du Secteur Financier (CSSF) on Wednesday released two separate notices warning the public that Crown Managers and Le Pay Bank were both “unknown to it”.
26.10.2017
Luxembourg's
financial watchdog has issued public warnings about the activities of two entities: Crown Managers and Le Pay Bank.
The
Commission de Surveillance du Secteur Financier (CSSF) on Wednesday
released two separate notices warning that both entities
were "unknown to it".
The
regulator said Crown Managers, which claims to be established at 5
Maison de Soins de l’Etat, 9440 Vianden, Luxembourg, had not been
granted any authorisation to provide investment or other financial
services in or from Luxembourg.
It
said Le Pay Bank, which claims to be established at 9 Place d’Armes
in Luxembourg and presents itself as an online bank, had likewise not
been granted any authorisation to provide banking or financial services in or from Luxembourg.