Luxembourg watchdog warns about third company this week

Luxembourg's financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), has issued its third warning this week about a company operating in the country.

Hush – which, on its website, has the slogan "Master your money every day" – is not regulated by the CSSF and has "not been granted any authorisation to provide banking and/or financial services or payment services in or from Luxembourg", the body said in a statement on Friday.

No information about the projects offered by Hush or any application has been given to the CSSF, it said.

On Wednesday, it said Rothmann & Ginst, which offers consultation, strategy and investment services, according to its website, is "unkown" to the CSSF and "has not been granted any authorisation to provide investment services in or from Luxembourg".

On Tuesday, the CSSF issued a warning ablout Algor Invest, saying it too has not been authorised to provide investment or financial services in or from Luxembourg.