Positive assessment for Liechtenstein in the fight against money laundering

Moneyval presented its fifth report on the measures implemented by Liechtenstein to combat money laundering and the financing of terrorism. According to a press release, the committee of experts from the Council of Europe concludes in the report that Liechtenstein is among the top five best-performing European countries in this area.

The authorities in Liechtenstein have a good understanding of the risks associated with money laundering and terrorism financing, the report states. The legal and institutional framework facilitated effective investigation and prosecution of all types of money laundering. In this context, the Principality of Liechtenstein has been efficiently cooperating with neighboring countries including Switzerland and Austria, and in particular with the Swiss Border Guard Corps.

Financial sector stakeholders now also effectively grasp the risks associated with money laundering and the financing of terrorism, according to the experts at the Council of Europe, with banks and major asset management firms having now implemented sophisticated measures to counteract these risks. The Financial Market Authority (FMA) of Liechtenstein has strengthened its controls, although it is still being hampered by staff shortages. Liechtenstein also provides effective international legal assistance.

The Prime Minister of Liechtenstein, Daniel Risch, was delighted about the positive assessment from Moneyval: “The report confirms that Liechtenstein has put in place a robust and comprehensive system to combat money laundering and terrorism financing”, he comments in a press release issued by the Liechtenstein government. Risch additionally thanked all participants from the private and public sector for having “taken part in this demanding, time-consuming assessment”.

Share article

More news

QR-bill replaces payment slips

The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.


Liechtenstein banks to pay for holiday activities

Together with the Office for Social Services, the LBA has organized a free program of holiday activities for children. This is aimed at easing the burden during the summer holidays on families that have faced serious challenges in connection with the coronavirus crisis.


Investor Summit Liechtenstein looking for champions

Start-ups and SMEs looking for capital can now apply for the Investor Summit Liechtenstein. Winners will have the opportunity to present their ideas in front of around 250 investors. Carsten Maschmeyer and Prinz Max von und zu Liechtenstein will appear as speakers.


LLB ensures the sustainability of its gold fund

Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.