Overdue - Luxembourg reforms

Luxembourg, a founding member of the European Union, was long associated with opaque beneficial ownership of companies established in its jurisdiction: all changed with the launch, in 2019, of a public register, which exposed instances of investment and control by criminals, oligarchs and corrupt politicians. Sara Lewislooks at the grand duchy's response to the OpenLux findings.

Luxembourg, a founding member of the European Union, was long associated with opaque beneficial ownership of companies established in its jurisdiction: all changed with the launch, in 2019, of a public register, which exposed instances of investment and control by criminals, oligarchs and corrupt politicians. Sara Lewislooks at the grand duchy's response to the OpenLux [1] findings.