![Warning: Banque Havilland's headquarters in Luxembourg](https://i.dailymail.co.uk/1s/2022/02/01/22/53657789-0-image-a-2_1643755392606.jpg)
Warning: Banque Havilland’s headquarters in Luxembourg
A Luxembourg bank which counts Prince Andrew as a client has been warned by the City watchdog.
Banque Havilland, controlled by Tory party donor David Rowland, gave ‘improper advice’ in a presentation to potential clients ‘which could be taken to harm the economy of Qatar’, the Financial Conduct Authority (FCA) claimed.
Qatar sued the bank in 2019, saying it led a financial attack designed to destabilise it when it was being blockaded by neighbours.
Last month, Qatar said the case had been settled. The FCA said: ‘Banque Havilland exposed itself to the risk it might be used to further financial crime.’
In 2017, Rowland paid off a £1.5million loan to Prince Andrew, who then contacted the office of the Prince of Monaco on behalf of Rowland, asking for advice for his friend on how to set up a bank there.
The bank said it was challenging the FCA’s warning.