On 21 September 2021 the Commissariat aux Assurances (CAA) imposed administrative fines of EUR 50,000 and EUR 20,000 on International Property Group S.A. (anc. United Advisers Group S.A. et Fund Advisers Europe (Luxembourg) S.A.) (Brokerage). The decision was published on 2 October 2024. The CAA describes the infringement as: Infringement to the Law of 7 December 2015 on the insurance sector, as amended, and non-compliance with the obligations set out in the Law of 12 November 2004 on AML/CFT, as amended.
\nLegal basis: Law of 7 December 2015 on the insurance sector, Law of 12 November 2004 on anti-money laundering.
\nSanctions table, decision PDF. Source: Commissariat aux Assurances (CAA), caa.lu.
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