International Bank in Luxembourg
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Alleged movement of embezzled funds
The United Kingdom's National Crime Agency described BIL as having played a central role in helping Jahangir Hajiyev, former chairman of the International Bank of Azerbaijan, move allegedly embezzled funds. The reference material does not establish a final finding of criminal liability against BIL.
2020
Anti-money-laundering control deficiencies
Luxembourg's Commission de Surveillance du Secteur Financier fined BIL €4.6 million after inspections identified deficiencies in anti-money-laundering and counter-terrorist-financing systems during the 2017–2018 review period.