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On August 8, 2019, Draft Law 7467/00 transposing certain provisions of the 5th Anti-Money Laundering Directive (5th AMLD) was presented to the Chamber of Deputies, the unicameral national legislature of Luxembourg.
The draft law was approved by the Council of Luxembourg in the government meeting held on July 26, 2019, in which the Council announced that the transposition of the 5th AMLD is one of the government's priorities.
On March 11, 2019, the National Commission for Data Protection (CNPD) published a list of activities for which a data protection impact assessment (DPIA) is mandatory.
On February 19, 2019, the Luxembourgish government published in the official journal the Grand-Ducal Regulation of February 15, 2019 concerning the procedures for registration, payment of administrative fees and access to information entered in the register of beneficial owners.
The register of beneficial owners was initially established by the Luxembourgish Law of January 13, 2018, which transposed Article 30 of the 4th Anti-Money Laundering Directive into the national legal order.
On April 26, 2017, the Ministry of Finance introduced draft legislation seeking to transpose Directive 2015/849 (also known as the 4th Anti-Money Laundering Directive - 4th AMLD) and ensure implementation of Regulation 2015/847 (Transfer of Funds Regulation).