Financial Regulators in Liechtenstein Receive Thumbs Up from Global Watchdogs, FATF

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Liechtenstein’s financial regulators have received a glowing review from the global Financial Action Task Force (FATF), praising their efforts in combating financial crime.

Evaluation Methodology and Findings

The assessment was conducted using the 2013 Methodology and was based on information provided by Liechtenstein as well as data gathered during an on-site visit to the country. The findings of this evaluation have been thoroughly reviewed and endorsed by the FATF, indicating that Liechtenstein’s regulatory bodies are meeting international standards for combating financial crime.

Key Findings and Priority Actions

The report outlines key findings and priority actions, which can be found in the executive summary:

• Liechtenstein’s regulatory bodies are effectively implementing measures to prevent money laundering and terrorist financing
• The country has strengthened its supervisory framework for anti-money laundering (AML) and combating the financing of terrorism (CFT)
• The government has established a comprehensive system for reporting suspicious transactions and financial information

FATF Endorsement

The endorsement from the FATF is significant, as it demonstrates that Liechtenstein’s regulatory bodies are adhering to international standards and best practices in combatting financial crime. This evaluation serves as a testament to the country’s commitment to maintaining a robust financial system and protecting its citizens from financial threats.

By achieving this recognition, Liechtenstein has demonstrated its ability to effectively implement AML/CFT measures and maintain a high level of transparency in its financial sector.