N° 83 / FEBRUARY 2022


Dear members,

It's good to be the King

As Mel Brooks portrayed with his second to none sarcasm, being the King certainly gave some advantages… but at AMFIE even if everyone is treated equally the Kings and Queens benefited from sound returns as you will read in our column. Whether you chose to invest in AMFund or simply kept your money in savings account, rewards have been very attractive compared to the risk level in 2021.

Hence, your Board decided to keep savings and Flexible account rates unchanged for the next quarter, outclassing the actual market.

You will also be updated on the latest list of embargoed countries for you to anticipate any red tape should you be concerned.

Finally our marketing team is preparing a new "rendez-vous" for AMFIE members in the form of a webinar. To know more, scroll down…

Stay tuned for more (good) news!

Stéphane Argyropoulos
President of the Board of Directors

Keytrade Bank Luxembourg joins Swissquote Bank Europe

We have been informed that Swissquote Bank Europe has absorbed Keytrade Bank Luxembourg. All our members concerned have been notified of this takeover and that the transition will be automatic. AMFIE Management is monitoring the terms of this transaction and will not fail to keep you informed of developments.

New:  webinar dedicated to AMFIE members

How to fight low interest rates and high inflation?

Many AMFIE members shared with us their concern about their savings erosion in the current economic environment defined by low/negative interest rates and a dramatic rise of inflation.  In order to help you cope with this situation we have studied some investment strategies that we would like to share with you.  Thus, AMFIE invites you to attend a video conference that will go through the current situation of savings accounts and term deposits, before analyzing the ways of structuring a portfolio in order to optimize your chances of offsetting inflation and generating performance while limiting the risks of capital loss.

This conference will be the first one of a series of innovative presentations intended to help AMFIE members to find solutions to various wealth management issues they may face.  Obviously, we will keep you posted about the next ones as well.

Finally, in order to reach out to the more than 930.000 worldwide staffs of Intergovernmental Organizations, we will be more and more active through LinkedIn.  Ad hoc seminars will be run by AMFIE on this platform in the short future.  To be continued!  

To attend one of these video conferences (March 17th at 11am GMT+1, March 18th at 12am GMT+1 or March 23rd at 3pm GMT+1) please kindly fill out your data in the dedicated form.


Change of account for deposits in France

Following an internal policy change, ING Bank France, Immeuble Lumière 40 avenue des Terroirs de France, F-75616 Paris, Cedex 12 informs us that they are going to make changes to the management of their customer accounts (account in reference for AMFIE FR76 3043 8000 0141 7790 3600 017, INGBFRPP).

As a consequence, we advise our members who make their deposits with AMFIE from France to favor our account with CIC France, or one of our two other accounts in euros in Luxembourg.

If you have a standing transfer order in favor of the AMFIE account with ING France, please take the necessary steps immediately to redirect your deposits to one of the three accounts mentioned above.

the list of our correspondent banks evolves regularly, we invite you to consult it before making deposits. This list is published in our Members' area of our website under Deposits and Correspondent Banks.


Yields: 1st quarter 2022

The Board of Directors has decided to maintain the AMFIE yields for the 4th quarter 2021.

Please find the returns on the Savings account, the term deposit AMFIE Flexible, and the Savings account 0-18 with the link below. You will also conslt the AMFund past perfomances.


Why can't a member direct an invoice to AMFIE?

The accounts that AMFIE holds with correspondent banks are omnibus accounts. These are accounts that are used by all members to fund their accounts with AMFIE. Once the assets have been deposited in these accounts which belong to AMFIE, our colleagues refund the assets to the corresponding individual accounts.

This is why AMFIE accounts cannot be used to pay invoices permanently and automatically.


International organisations and authorities including the United Nations and the European Union, and local and national governments, are empowered to impose restrictive measures on countries, organisations, legal persons and individuals implicated in or suspected of breaches of human rights or international law, criminal activities, terrorism, money-laundering, etc.

These measures are generally known as “sanctions” or “embargos”.

AMFIE has a duty to comply with the applicable laws and regulations, and with the obligations implicit in them, and may on occasion be more strict than the rules require.

An embargo is a restrictive measure or sanction adopted at national and/or international level.

You will find in our article, the restrictions on the transfer and/or reception of funds from/to countries subject to an embargo, as well as the restrictions on entry in relation to residents of countries subject to an embargo.


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