Banking Fraud Prevention in Liechtenstein Meets International Standards, Says FATF Evaluation

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The Financial Action Task Force (FATF) has conducted a comprehensive evaluation of Liechtenstein’s measures to prevent banking fraud and found them to be in line with international standards. The assessment was carried out using the 2013 Methodology and was based on information provided by the country, as well as observations made during an on-site visit by the evaluation team.

Key Findings

• The evaluation findings have been thoroughly reviewed and endorsed by FATF officials.
• Those interested in learning more about the key takeaways from this report can refer to the Executive Summary, which highlights the most significant findings and priority actions required to further strengthen Liechtenstein’s banking fraud prevention regime.

The assessment was conducted using the 2013 Methodology, a widely recognized framework for evaluating anti-money laundering (AML) and combating the financing of terrorism (CFT) systems. The evaluation team gathered information from various sources, including government agencies, financial institutions, and other stakeholders in Liechtenstein.