Luxembourg law implementing some aspects of Directive EU 2018/843 (“AMLD V”) adopted

On 21 March 2020, the Luxembourg Parliament adopted the law implementing some aspects of the 5th AntiMoney Laundering Directive (“AMLD V”) in national legislation (the “Law”).

As a reminder, one of the main provisions of the AMLD V, being the availability of the register of beneficial owner to the public has already been implemented in Luxembourg by virtue of the Law of 13 January 2019.