Developments in the Luxembourg Financial Sector

January 08, 2018
| Financial Services Quarterly Report

Luxembourg recently published two important bills to combat money laundering and terrorism financing. One transposes the EU AML4 Directive into Luxembourg law. The second establishes a central register of beneficial owners, which aims to enhance transparency but creates an operational challenge for the Luxembourg fund industry. In a separate development, the Luxembourg Company Law has been reorganised and renumbered.

Read "Developments in the Luxembourg Financial Sector."