Open-Lux: 80 per cent of Luxembourg private investment funds at risk of laundering dirty money
The OpenLux investigations published today by Le Monde and other media organisations illustrate major weaknesses in anti-money laundering frameworks in Luxembourg and the EU, Transparency International said today. Our additional analysis of OpenLux documents in collaboration with the Anti-Corruption Data Collective (ACDC), shows that investment funds in Luxembourg largely operate in secrecy, creating opportunities for criminals and the corrupt to hide assets, avoid taxes and launder the proceeds of crime. Read the report