Luxembourg’s Financial Sector Under Fire: Fraudulent Activities Uncovered

Warning Issued Against Snuff Kredit / Service Financier de Luxembourg SA

A warning has been issued against a company operating in the financial sector, Snuff Kredit / Service Financier de Luxembourg SA, which is allegedly engaging in illicit activities. Despite claiming to be registered at Rue de Dudelange in Luxembourg, the entity has not received any authorisation from the local authorities to provide investment services or other financial services.

Entity’s Online Presence

The company’s website, www.snuffkredit.com, and email address, info@snuffkredit.com, have been identified as being used by Snuff Kredit / Service Financier de Luxembourg SA. However, it appears that no phone number is publicly listed for the entity.

Lack of Oversight Raises Concerns

What is particularly concerning is that Snuff Kredit / Service Financier de Luxembourg SA has not been supervised by the Commission de Surveillance du Secteur Financier (CSSF), which is responsible for regulating and supervising financial activities in Luxembourg. This lack of oversight raises serious questions about the legitimacy of the company’s operations.

Warning to Investors

Investors are being warned to exercise extreme caution when dealing with Snuff Kredit / Service Financier de Luxembourg SA, as it appears that the entity may be engaging in fraudulent activities. Further investigation is needed to determine the full extent of these alleged illicit actions and whether any victims have been affected.

Key Points to Note

• The company has not received authorization from local authorities to provide investment services or other financial services.
• The entity’s website and email address have been identified, but no phone number is publicly listed.
• Snuff Kredit / Service Financier de Luxembourg SA has not been supervised by the CSSF, raising concerns about its legitimacy.
• Investors are warned to exercise extreme caution when dealing with the company.