Australia’s financial services regulator has warned people to avoid “scammers” connected to Luxembourg Offshore Banking, also known as LUXOSB Limited. ASIC said fraudsters had been contacting people about Luxembourg Offshore Banking and had Pretended to be from ASIC and claimed that withdrawals were being processed or withheld by ASIC.

https://www.ratecity.com.au/investment-funds/news/overseas-scammers-targeting-australian-investors