Clearstream refutes money laundering allegations

Clearstream refutes money laundering allegations

ClearStream has issued a preliminary statement refuting allegations of complicity in money laundering as detailed in Revelation$, a book written by a former Luxembourg banker.

The allegations, which are currently being investigated by Luxembourg authorities, have led to the suspension of Clearstream CEO Andre Lussi and other senior staff.

Clearstream Banking has commissioned its own report from Freshfields Bruckhaus Deringer in conjunction with KPMG Forensic & Investigative Services for presentation to the Luxembourg finance ministry.

Following the delivery of an initial status report, Clearstream has issued the following statment: "While the report is still being analysed, its findings confirm that Revelation$ contains numerous errors of fact and law and that no evidence has been found to date by either Freshfields Bruckhaus Deringer or KPMG Forensic & Investigative Services to support any of the serious allegations of wrongdoing against Clearstream."

Detailed work is ongoing to confirm these findings, states Clearstream.

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