The CSSF issued the warning about the entity on 29 August
Photo: Nader Ghavami/archives
Luxembourg’s financial watchdog, the CSSF, has issued a warning about the entity PierreCapitale, which claims to have its headquarters in the grand duchy.
On its website, PierreCapitale claims not only to be based on route d’Arlon, but also as having been established in Luxembourg for more than 130 years with a workforce of over 6,000.
False, according to the CSSF, which added in the 29 August statement that PierreCapitale “has no authorisation for the provision of banking, investment or other financial services in or from Luxembourg.”