MOYAL & SIMON advise customers of ABLV Bank

On July 2, 2019, the Luxembourg District Court announced the judicial liquidation of ABLV BANK Luxembourg S.A.. ABLV had been targeted by U.S. financial authorities and the ECB on suspicion of unfair commercial practices. ABLV was accused of being heavily involved in money laundering activities. The ECB immediately imposed a payment moratorium. At the same time account outflows were prevented. Until 10 January 2020, ABLV customers were able to submit a declaration of claim to the Luxembourg District Court. After a thorough investigation by the Luxembourg Financial Intelligence Unit (“CRF”, Cellule de Renseignement Financier), a freezing order was issued in numerous cases for all customer assets, which were now faced the suspicion of money laundering. The lawyers of MOYAL&SIMON have been able to obtain the release of assets for international clients in numerous cases. Gladly we can also help you, contact: info@moyal-simon.com