Qualified access – beneficial ownership in the Grand Duchy

Laurent Thailly (+352 2712 2032, laurent.thailly@ogier.com) is a partner, Benjamin Devouassoux (+352 2712 2043, benjamin.devouassoux@ogier.com) a senior associate, and Iva Dobric (+352 2712 2031, iva.dobric@ogier.com) a professional support lawyer at Ogier in Luxembourg.

Luxembourg acted in December [2017] to create registers of beneficial owners of companies and trusts with a tax consequence in line with the Fourth EU Money Laundering Directive. Laurent Thailly, Benjamin Devouassoux and Iva Dobric of Ogier, Luxembourg consider the filing and updating requirements, penalties for non-compliance and who will have access.