Luxembourg Tax Authorities Gain Access to Professional AML Reports

Luxembourg tax authorities have had access to data collected by legal and financial institutions on taxpayers for tax evasion and anti-money laundering reasons since August 2017.

The data incorporates identification of effective Beneficial Owners, all steps taken by the experts to comprehend the possession and control of a structure; examination of transactions carried out all through the business relationship; including identifying the Beneficial Owner as the receiver of any funds.