Liechtenstein Strives for Top-Notch Compliance with Financial Regulations

Liechtenstein’s commitment to maintaining its reputation as a hub for trust and fiduciary services is evident in the country’s efforts to ensure compliance with financial regulations. At the heart of this endeavor is the Liechtenstein Institute of Professional Trustees and Fiduciaries, a public-law corporation responsible for overseeing all trustees and trust companies operating in the country.

The Role of the Liechtenstein Institute

• With over 370 members currently registered, the institute plays a crucial role in promoting high standards within the trust sector.
• To achieve this, it provides education and ongoing training for its members, enabling them to stay abreast of the latest developments and best practices.

Supervision and Regulation

In addition to the institute’s efforts, the Liechtenstein Financial Market Authority (FMA) and the disciplinary bodies of the Liechtenstein Institute of Professional Trustees and Fiduciaries also exercise supervision over trustees. This includes:

• The Arbitration Commission, available as a last resort in cases where disputes arise regarding the transfer of mandates between members.

Legal Framework

Liechtenstein’s legal framework provides a robust foundation for compliance, with clear guidelines and regulations governing the trust sector. This has allowed the country to establish itself as a model for financial regulation, attracting international attention and investment.

Overall, Liechtenstein’s commitment to ensuring compliance with financial regulations has earned it a reputation as a hub for trust and fiduciary services, making it an attractive destination for investors and businesses alike.