| Sightlines, the new exhibition by Armand Strainchamps, will go on display at BIL's Galerie L’Indépendance. | https://www.bil.com/en/bil-group/pressroom/news/Pages/Sightlines-the-new-exhibition-by-Armand-Strainchamps-will-go-on-display-at-BIL-Galerie-LIndependance.aspx | Sightlines, the new exhibition by Armand Strainchamps, will go on display at BIL's Galerie L’Indépendance. | | <p><i>Sightlines</i>, is the title of the book featuring a retrospective of artist Armand Strainchamps to be released on 29 October. It is also the title of the new exhibition which opens on the same day at Banque Internationale à Luxembourg's Galerie L’Indépendance, offering the public the chance to discover his more recent works.</p>
<p>Including thirty paintings that feature his signature style, the exhibition Sightlines is a stunning addition to the artist's existing oeuvre. In these paintings, figures appear to be suspended weightlessly in time. Subjects are stripped entirely of superfluous details, are underscored by black contouring and contrasting colours that seem to crystallise and intensify their expressions. The sculptures to be featured in the Galerie L’Indépendance complement the artist's existing body of work beautifully.</p>
<p>Artlovers can preview the exhibition at <a href="https://www.bil.com/galerie-lindependance/strainchamps/index.html">www.bil.com/galerie-lindependance/strainchamps/index.html</a></p>
<p>This exhibition is yet another example of BIL’s commitment to promoting art and culture, which, alongside innovation and education, are at the core of its corporate social responsibility philosophy. Sightlines is also the fruit of a long-term collaboration with the artist, whose work has already been featured at the Galerie L’Indépendance. BIL already exhibited a number of his works in 2004, and more recently again in 2016 to mark the Bank's 160th anniversary.</p>
<p>The exhibition Sightlines by Armand Strainchamps is open to the public from 8 a.m. to 6 p.m., Monday to Friday, beginning 29 October 2020 until 12 February 2021 at the Galerie L’Indépendance, 69, route d’Esch, Luxembourg. It is held in accordance with all applicable health guidelines.</p>
| 10/29/2020 4:00:00 PM | EN | Prolific artist Armand Strainchamps returns to BIL's Galerie L’Indépendance from 29 October, showcasing his latest works. | | |
| BIL reinforced its compliance framework | https://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-reinforced-its-compliance-framework.aspx | BIL reinforced its compliance framework | | <p>As a significant and responsible member of the financial community of Luxembourg, Banque Internationale à Luxembourg is constantly updating its policies and processes to adapt to changing anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The Bank is committed to ensuring the highest level of compliance standards at all times when it comes to the fight against money laundering and financing of terrorism, fully supporting the CSSF in its supervisory mission.</p>
<p>During on-site inspections in 2017 and 2018, the CSSF identified certain weaknesses in the Bank’s processes which were in place at the time. These inspections concerned a sample of clients from the Commonwealth of Independent States, thus representing a limited segment of customers whose inherent risk is generally to be considered high. As a result, the CSSF decided to impose an administrative sanction of 4.6. million euros, which is a proportion of the Bank’s total annual revenues. The fine is related to the Bank’s processes which were in place at the time of the inspections.</p>
<p>No money laundering or terrorism financing activity was identified.</p>
<p>With the support of the new shareholder structure and under the leadership of the new CEO, BIL promptly took appropriate measures to remediate the identified weaknesses. The Bank has since defined a new and strict AML Risk Appetite Statement and related Wealth Management Compliance Guiding Principles, recruited additional compliance specialists and increased AML/CTF training and awareness. Compliance tools, i.e. the AML scoring engine, were upgraded and implemented.</p>
<p>BIL wishes to reiterate its complete cooperation with the CSSF in its supervisory work.</p>
<p>Marcel Leyers, CEO of BIL: “<i>When I was appointed CEO, it was my key priority to ensure that BIL’s compliance governance and procedures were further strengthened to ensure the highest standards are applied at all times. The identified weaknesses have been corrected in an appropriate manner.<i>”</p> | 8/10/2020 11:00:00 AM | EN | The CSSF has imposed an administrative sanction on BIL as a result of certain weaknesses identified in its anti-money laundering and counter terrorism financing (AML/CTF) processes. | | |
| Art2Cure exhibition will fund Covid-19 related research | https://www.bil.com/en/bil-group/pressroom/news/Pages/Art2Cure-exhibition-will-fund-Covid-19-related-research.aspx | Art2Cure exhibition will fund Covid-19 related research | | <p>The exhibition can be visited at BIL’s Galérie Indépendance in Luxembourg city (69 route d'Esch, L-2953 Luxembourg) from 20 July to 20 September 2020. For health and safety reasons, the official opening takes place as a live stream on the Art2Cure Instagram, which will be filmed in the gallery on Saturday 18 July at 15.00, in presence of many of this year’s artists.</p>
<p>In addition, a dedicated website will show artworks on display and sale. Visit the <a href="https://www.bil.com/galerie-lindependance/art2cure/index.html">website</a>.</p>
<p>Join the live stream on the open <a href="https://www.instagram.com/art2cure/" target="_blank">Instagram account</a>.</p>
<p>As with all Art2Cure exhibitions, artworks are sold at market value and revenues are split evenly between the cause and the artists.</p>
<p><b>The artists</b></p>
<p>18 Luxembourgish artists participate in the exhibition, including painters, sculptors, mixed media artists, drawers and photographers. Some of the artists, such as painter Joachim Van der Vlugt and graffiti artist SUMO, have participated in earlier editions of the event.. Among the newcomers are Nora Juhasz, a Luxembourg-based painter from Hungary who enchants with her portrayals of quirky characters. Another new addition is Joël Rollinger, well-known in the Grand-Duchy for his urban murals (for example on the Place du Théâtre), who shows a fresh side of his art with his series of wood-collages and paintings.</p>
<p>All participating artists:</p>
<p>Sandra Biewers; JKB Fletcher; Sascha Di Giambattista; Thomas Iser; Diane Jodes; Frank Jons; Nora Juhasz; Francoise Ley; Nuno Lorena; Chantal Maquet ; Sali Muller; Jim Peiffer; Martine Pinnel; Joël Rollinger; SUMO; Stéphanie Uhres; Joachim Van der Vlugt; Julie Wagener.</p>
<p><b>About Art2Cure</b></p>
<p>Art2Cure is a non-profit organisation that organises art exhibitions to raise funds for research carried out by Luxembourg-based researchers. Created in 2014 by Philippe Lamesch, Head of fundraising at the University, and Gilles Weidig, Art2Cure has organised several exhibitions in Luxembourg and abroad, with an increasing number of artists becoming involved. Since 2015 Art2Cure has raised more than 100 000 euros to support biomedical research at the University of Luxembourg, especially in the field of Parkinson's disease and rare childhood diseases.</p>
<p>COVID-19 marks a turn in the non-profit organisation’s approach, as funds will contribute to research projects related to the pandemic.</p>
<p>Contact: <a href="mailto:art2curelux@gmail.com">art2curelux@gmail.com</a>.</p>
| 7/17/2020 3:00:00 PM | EN | Art2Cure, a non-profit organisation, invites to its sixth art exhibition at the Banque Internationale Luxembourg (BIL), with art items from 18 Luxembourg-based artists. Proceeds from sales will help fund research related to education and mental health ... | | |
