Luxembourg has implemented a new law restricting access to the Register of Beneficial Owners (RBE) to enhance privacy protections. The law, effective February 1, 2025, aligns with a European Union ruling and aims to balance transparency for anti-money laundering efforts with confidentiality. It outlines specific access rules for national authorities, professionals subject to AML/CFT law, self-regulatory organizations, and individuals with a legitimate interest, while strengthening compliance measures for registered entities.