Luxembourg: 300 Children Registered as Beneficial Owners of Shady Corporations
When Luxembourg opened up its register of beneficial owners in 2019, the new data revealed a surprising fact: Hundreds of children own or hold significant stakes in companies based in the grand duchy. Key Findings: OCCRP and its partners identified 291 minors who own or control significant stakes in Luxembourg companies. They included minors whose parents are oligarchs, criminals, or people with ties to politically influential figures. In many cases, the companies’ owners were younger than the companies themselves. A