Luxembourg High Security Hub

Also part of the overall security infrastructure is a fire protection system that "sucks oxygen from the atmosphere" rather than using water that might damage works of art.

[1] According to The Economist, the "attractions are similar to those offered by offshore financial centres: security and confidentiality, not much scrutiny, the ability for owners to hide behind nominees, and an array of tax advantages.

Bouvier was one of three people arrested in Monaco in February 2015 on suspicion of fraud through the sale of works of art at inflated prices or with fake documentation,[5] which has put his freeports under political scrutiny.

[7] Furthermore, a European Commission study in 2018 concluded that demand for freeports was increasing just as banks began to crackdown on illegal financial activities, and that their lack of regulation was making them "conducive to secrecy".

"[10][11][12] The facility was described as a "black hole" for storing goods away out of the authorities’ reach, and MEPs subsequently called for freeports to be banned within the EU.