JOURNAL ARTICLE

Banque Havilland Begins Closure of Swiss and Liechtenstein Units.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wilson, Harry 3 of 3

Abstract

Banque Havilland, a private bank owned by the family of Prince Andrew's close friends, is closing its operations in Liechtenstein and Switzerland after losing a key license from the European Central Bank. The bank will begin a voluntary liquidation of its businesses in these countries, in cooperation with local regulators. This decision is not due to solvency or liquidity issues. Banque Havilland had previously been fined for anti-money-laundering failings and failed to implement required changes, leading to the loss of its Luxembourg license. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Geography and Cartography
  • Publication Date:2024
  • Accession Number:178686421
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