Clifford Chance

Luxembourg law on register of beneficial owners

29 August 2019

The Luxembourg law of 13 January 2019 on the register of beneficial owners (the "RBE Law") has been published in the Mémorial A on 15 January 2019 and entered into force on 1 March 2019. The RBE Law implements the transparency requirements of article 30 of Directive 2015/849/EU on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AMLD IV) by creating a central register of beneficial owners, in abbreviated form referred to as "RBE", the purpose of which is to safekeep and make available relevant information on the beneficial owners of Luxembourg entities registered with the Luxembourg Trade and Company Register (the "RCS"). The RBE Law also implements the transparency requirements of Directive 2018/843/EU on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (AMLD V), which require the RBE to be publicly available.

Download PDF