EU states have been slowly implementing the requirements made into law on 20 May 2015 regarding the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, in accordance with the 4th AML/CFT Directive (AMLD 4), Directive 2015/849. The latest is Luxembourg, whose parliament published two draft laws to implement transparency measures on 6 December last year. Both are intended to create central registers of beneficial owners, one of the main thrusts of AMLD 4. They do not cover listed firms in Luxembourg, which are covered by other AML laws, but do cover other business entities.
