Fight against money laundering: The bank escapes the double penalty - Reporter.lu

The court has just enshrined the criminal immunity of the BCP bank, already sanctioned by the CSSF for its deviant behaviour. This precedent could redistribute the roles in the fight against money laundering between the prosecutor and the regulator and weaken it. The "Bank of Commerce and Investments" (BCP) will not appear before a court for its troubled role in a diamond scam. Because, in the name of the principle of "ne bis in idem" which ensh…