Following the adoption of the fourth EU anti-money laundering directive (2015/849/EC, the “Directive”) which aim is to prevent money laundering and terrorism financing by means of, inter alia, introducing central registers identifying the ultimate beneficial owner(s) (“UBOs”) for certain Luxembourg entities, two draft bills of law were introduced on 6 December 2017 and presented to the Luxembourg Chamber of Deputies. Both bills are presently undergoing their parliamentary journey, expected to be implemented in the course of 2018.