Financial Crime World

Combating Money Laundering and Terrorist Financing in Liechtenstein

Overview

The government of Liechtenstein has outlined a comprehensive strategy to combat money laundering and terrorist financing. This strategy is designed to ensure high levels of compliance with international standards, identify and mitigate potential risks, effectively prosecute perpetrators, and foster intensified national and international cooperation.

Four Key Goals

1. Ensuring Compliance

  • Active monitoring and implementation: Liechtenstein will actively monitor and implement international anti-money laundering (AML) and combating the financing of terrorism (CFT) standards.
  • Regular evaluations: The government will conduct regular evaluations to assess the effectiveness of measures taken to combat money laundering and terrorist financing.

2. Risk-Based Focus

  • Comprehensive risk assessments: Liechtenstein will conduct comprehensive risk assessments to identify potential risks in money laundering and terrorist financing, as well as for new technologies like virtual assets.
  • Risk-based supervisory activities: The Financial Market Authority (FMA) will continue its risk-based supervisory activities based on these assessments.

3. Effective Prosecution

  • Investigating financial flows: Liechtenstein has a significant role to play in investigating financial flows and identifying perpetrators of money laundering and terrorist financing.
  • Ensuring legal framework: The government will ensure the legal framework for effective prosecution and monitor international developments for adaptation needs.

4. Intensified National and International Cooperation

  • Public-private partnerships: Liechtenstein will further develop institutionalized public-private partnerships to combat terrorist financing and proliferation financing.
  • National and international cooperation: The government will intensify cooperation at both national and international levels, especially within European and international bodies.

Implementation Plan

The strategy involves implementing the plan of action set out by the PROTEGE Working Group. This plan will be continuously updated and extended as necessary to respond appropriately to changing or emerging risks. The government will instruct the PROTEGE Working Group to implement this strategy, take necessary measures, and report annually on progress made.