Combating Money Laundering and Terrorist Financing in Liechtenstein

The Principality of Liechtenstein has outlined a comprehensive strategy to combat money laundering and terrorist financing. This strategy is structured into four key goals, each aimed at increasing the effectiveness of anti-money laundering (AML) and combating the financing of terrorism (CFT) efforts.

Goal 1: A Risk-Based Focus

• Increase the effectiveness in combating money laundering and terrorist financing by identifying and mitigating existing and future risks
• Communicate national risk assessments to persons subject to due diligence, enabling them to further develop and improve their understanding of risk accordingly

Goal 2: Ensuring Effective Prosecution

• Emphasize the importance of effective prosecution in combating money laundering and terrorist financing
• Liechtenstein will continue to make a central contribution nationally and internationally by investigating financial flows and identifying perpetrators and their networks (“follow the money”)

Goal 3: Further Intensification of National and International Cooperation, Coordination, and Exchange of Information

• Strengthen the fight against money laundering and terrorist financing by further intensifying cooperation between actors concerned
• Develop an institutionalized public-private partnership between persons subject to due diligence and authorities in prevention and prosecution

Implementation of the Strategy

The Government will instruct the PROTEGE Working Group to implement this strategy and take necessary measures as defined, reporting annually on progress made.

To implement the strategy, the Government will adopt a plan of action setting out specific fields of action, timetables, competent authorities, and necessary resources. This plan will be continuously updated by the PROTEGE Working Group and extended by the Government if necessary.