LIECHTENSTEIN STRONG IN ANTI-MONEY LAUNDERING EFFORTS, SAYS GLOBAL FINANCE BODY

The Financial Action Task Force (FATF) has commended Liechtenstein for its efforts to combat money laundering and terrorist financing in a comprehensive evaluation.

Assessment Methodology

The assessment was conducted using the 2013 FATF Methodology and the 2012 Recommendations. The review drew on information provided by Liechtenstein as well as data gathered during an on-site visit to the country.

Key Findings

According to the report’s executive summary, key findings include:

• Significant strides in implementing effective anti-money laundering (AML) measures: Liechtenstein has made significant progress in implementing AML measures, which has been reviewed and endorsed by the FATF.
• Identified priority actions: To further strengthen its AML defenses, Liechtenstein has identified priority actions that will be implemented in the coming months.

FATF’s Role

The Financial Action Task Force (FATF) is a global body responsible for setting standards against money laundering and terrorist financing. The assessment was conducted using the 2013 FATF Methodology and the 2012 Recommendations.

Conclusion

Liechtenstein has demonstrated its commitment to combating money laundering and terrorist financing by implementing effective AML measures. By identifying priority actions, the country is further strengthening its defenses against these threats.