In line with the evolution of legal and regulatory requirements, Banque Degroof Petercam Luxembourg has strengthened its compliance framework.

In line with the evolution of legal and regulatory requirements, Banque Degroof Petercam Luxembourg has strengthened its compliance framework.

As for any other financial institution, the changing environment requires Banque Degroof Petercam Luxembourg (the Bank) to adapt to regulatory requirements. The Bank works closely with the Commission de Surveillance du Secteur Financier (CSSF) and all regulatory bodies to ensure the highest level of compliance with laws and regulations.

A committed player in the Luxembourg financial market since 1987, serving a demanding high-end clientele, Banque Degroof Petercam Luxembourg has adopted values and rules of conduct marked by strong ethics.

At the end of 2022, the CSSF informed the Bank of the conclusion of its 2019 inspection of the Bank's internal control procedures for the prevention of money laundering (AML/FT). Although the inspection carried out did not reveal any illegal acts, the CSSF found certain deficiencies in the Bank's processes and imposed an administrative sanction taking into consideration the Bank's prompt reaction to implement corrective actions and marking the end of this procedure.

During this period, the Bank has strengthened its internal governance and is constantly improving its compliance controls, procedures and tools, including investing in strengthening its compliance and risk teams to maintain high standards of compliance with applicable legal and regulatory requirements.

Press release Banque Degroof Petercam Luxembourg 2023.03.02 final.pdf 38 KB

 

Adel Nabhan
Adel Nabhan Chief Marketing Officer, Degroof Petercam Luxembourg

 

About Banque Degroof Petercam Luxembourg

About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge.

Private and institutional investors, as well as corporates trust us for our strong investment convictions and for our continuum of services in private banking, asset management, investment banking and fund servicing.

On December 31, 2023, total assets amounted to 74.3 billion euros. More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy, Hong Kong and Canada.

As employer and investor, we create responsible prosperity for all by opening doors to opportunities and accompanying its clients with expertise.

Owned by CLdN Cobelfret (20%) and Indosuez Wealth Management (65%), Degroof Petercam benefits from the vast expertise and action scope of the international network of Indosuez Wealth Management and the Crédit Agricole group, the world's 10th largest bank.

Present in Luxembourg since 1987, Degroof Petercam Luxembourg employs more than 430 people in three entities located in the La Cloche d'or area: Banque Degroof Petercam Luxembourg S.A., Degroof Petercam Asset Services S.A. and Degroof Petercam Insurance Broker S.A..  

Degroof Petercam 

Trust. Knowledge.

Link to the website of Degroof Petercam Luxembourg: https://www.degroofpetercam.lu

Banque Degroof Petercam Luxembourg
Zone d'activité La Cloche d'or
12, rue Eugène Ruppert
L-2453 Luxembourg