The Luxembourg Business Register (LBR) is a business register that identifies beneficial owners to combat money laundering and terrorist financing. Entities must thus declare their beneficial owners in the LBR.
Over the last three years, this obligation has been recalled several times by the competent authorities, and some ASBLs were notably concerned.
In this context, the police have announced reinforced controls throughout the country in collaboration with the competent judicial authorities.
Possible breaches of the law could result in criminal proceedings.