Luxembourg register of beneficial owners (REBECO)
On 20 May 2015, the fourth Anti-Money Laundering Directive was adopted by the European Parliament and the Council.
In execution of this European measure, the Luxembourg government has introduced a draft bill of law on 6 December 2017 (the Bill).
The Bill creates a register of beneficial owners (registre de bénéficiaires effectifs REBECO) in which the ultimate beneficial owners of companies and other Luxembourg legal entities need to be identified. The Bill is expected to be adopted by the Luxembourg Parliament and come into force within the first quarter of this new year.
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