Does Luxembourg not have KYC regulation? The UK, obviously not in Europe now, has its own draconian KYC and other rules, which have simply driven everyone away.
Discussion
Oh it does, it’s much less draconian because Luxembourg is essentially an off-shore zone 😬 Also, in many cases Luxembourg simply wouldn’t disclose this KYC data and other tax data to the EU. This is why all rich Germans live or are registered there 😂