U.K. Warns Banque Havilland Over ‘Improper’ Qatar Advice - Bloomberg
Banque Havilland SA, the Luxembourg-based lender that counts Prince Andrew as one of its clients, was issued with a warning notice by the U.K. financial regulator over its alleged role in an economic boycott of Qatar.
Controlled by financier and U.K. Conservative Party backer David Rowland, the lender gave “improper advice” in a presentation that set out “manipulative trading practices” over Qatari bonds, the Financial Conduct Authority said Tuesday. The presentation could be taken to harm the Qatari economy, it said.
A spokesperson for Banque Havilland said no findings had yet been made by the regulator and it was challenging the warning notice through the FCA’s internal processes. The warning “refers to historic allegations of misconduct at the bank’s London premises in 2017.”
“None of the individuals referred to in the warning notice remains with the Bank,” the spokesperson said.
No comments:
Post a Comment