Financial Crime World

Liechtenstein Financial Regulators Stress Compliance with Financial Regulations

Promoting Transparency and Accountability in the Financial Sector

The Financial Market Authority (FMA) is intensifying its efforts to promote compliance with existing financial regulations in Liechtenstein. As an integrated supervisory authority, the FMA is committed to ensuring transparency and accountability in the country’s financial sector.

To achieve this goal, the FMA has launched a dedicated section on its website providing legal foundations for various categories of financial intermediaries. The “Legal Foundations for Financial Intermediaries” page offers a comprehensive overview of the current laws, ordinances, and guidelines governing banks, insurance companies, and other market participants.

  • The page provides a detailed outline of the regulatory framework applicable to financial intermediaries in Liechtenstein.
  • It aims to ensure that these entities operate within the confines of the law, thereby safeguarding the integrity of Liechtenstein’s financial system.

Enhancing Anti-Money Laundering Efforts

The FMA is also ramping up its anti-money laundering efforts to curb financial crime. As part of this initiative, the authority is responsible for conducting due diligence supervision of Liechtenstein-based financial market participants.

  • The FMA has published guidelines outlining professional requirements for combating money laundering, organized crime, and terrorist financing.
  • These guidelines aim to ensure that financial institutions in Liechtenstein are equipped with the necessary tools and expertise to detect and prevent financial crimes.

Strengthening the Financial Framework

The FMA is actively involved in various regulatory projects aimed at strengthening Liechtenstein’s financial framework. As an EEA member state, Liechtenstein is obligated to implement relevant EU directives into national law.

  • The FMA plays a key role in preparing and implementing new financial market laws on behalf of the government.
  • By doing so, it ensures that the country’s regulatory framework keeps pace with evolving global standards.

Commitment to Compliance

The FMA’s commitment to promoting compliance with financial regulations sends a strong signal to investors, businesses, and individuals alike that Liechtenstein is committed to maintaining a robust and reliable financial system.

  • The country aims to maintain its position as a reputable and attractive destination for international finance by ensuring that its regulatory framework keeps pace with evolving global standards.
  • By prioritizing compliance, the FMA demonstrates its dedication to protecting the integrity of Liechtenstein’s financial sector and upholding the trust of stakeholders.