Trusts and foundations in a company’s ownership chain: LBR clarifies who must be registered with the RBE
Circular LBR 26/01 clarifies how beneficial owners should be identified for Luxembourg companies held through trusts or foundations. According to LBR, the beneficial owners of the underlying trust or foundation should be reported to the RBE by applying the specific rules under Article 1(7)(b) and (c) of the 2004 AML…
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