On Thursday 22 October 2026, Luxembourg bank Spuerkeess (Banque et Caisse d’Épargne de l’État) issued a statement in which it reported that it has filed a complaint with the Public Prosecutor’s Office following the detection by its departments of facts that may constitute internal fraud involving an employee.
The bank said the alleged acts, which it strongly condemns should they be confirmed, in no way reflect the values of integrity, responsibility and trust that guide Spuerkeess’ actions.
Spuerkeess said: “We have taken all necessary precautionary measures, and the employee concerned by the suspicions has been immediately relieved of their duties.”
The banking supervisory authorities have also been informed of the situation, and Spuerkeess said it is cooperating fully with the judicial authorities as part of the ongoing investigation.
In the bank’s press release, Marco Eischen, Corporate Communication Manager at Spuerkeess, said: “We promptly contacted the three victims identified in connection with the suspected internal fraud. Our teams are supporting them and providing all necessary assistance. We are making every effort to ensure that those concerned receive prompt attention and full and swift compensation for the losses suffered.”
He added: “Protecting our clients’ interests, as well as upholding integrity and compliance requirements in the provision of our services, are absolute priorities for our institution.”
Spuerkeess detailed that in accordance with market best practices for incidents of this nature, its internal teams, together with independent external experts, are conducting additional analyses. This work aims to establish the facts precisely, confirm the extent of the incident and identify any lessons that could help continuously strengthen our control mechanisms.
“We apply a zero-tolerance policy towards any proven fraudulent behaviour. We reiterate that the person suspected of fraud benefits from the presumption of innocence. As the investigation is ongoing, we are unable to provide further information at this stage, out of respect for the work of the Public Prosecutor’s Office and the privacy of the victims concerned,” added Marco Eischen.
