Luxembourg Denies Enabling Money Laundering, Secrecy

Law360 (February 8, 2021, 12:09 PM EST) -- Luxembourg said that it abides by all appropriate rules and takes necessary steps to combat money laundering, denying recent allegations that the country, even after ostensible reforms, continues to host dirty money and enable the hiding of assets.

Luxembourg disputed reports in international media over the weekend that the country's rules allow companies and individuals to hide assets, saying it had implemented all applicable European Union and international rules and standards. (Photo by Nicolas Economou/NurPhoto via Getty Images) The statement issued Sunday disputed reports in international media that were published as part of an investigation with the U.S.-based Organized Crime and...

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