Follow us on social media to keep up with our latest legal and business updates
as well as our corporate news
On 18 December 2018, the bill of law setting up a register of BOs of Luxembourg legal entities has been passed in Parliament. The new law on the register of beneficial owners will enter into force following its publication in the Luxembourg Official Journal.
Prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “5th AML Directive”) has prompted the Luxembourg government to accelerate the final implementation process of EU Directive.