Compliance Risks in Financial Services in Liechtenstein Under Scrutiny

FATF Evaluation Highlights Concerns Over Money Laundering and Terrorist Financing

A recent evaluation of compliance risks in financial services in Liechtenstein has raised concerns over the country’s ability to prevent and combat money laundering and terrorist financing. The assessment was conducted by the Financial Action Task Force (FATF), using its 2012 recommendations and methodology.

Evaluation Methodology

The evaluation was informed by information provided by the Liechtenstein government, as well as findings gathered during a site visit to the country. Following a thorough review of the assessment, the FATF has given its seal of approval to the results.

Key Findings

• Concerns over the country’s ability to prevent and combat money laundering and terrorist financing
• Evaluation highlights risks in financial services sector
• Assessment was conducted using 2012 recommendations and methodology

Next Steps

Those interested in learning more about the key findings and priority actions outlined in the report are encouraged to refer to the executive summary for further information.

Recommendations

• Review of the country’s anti-money laundering and terrorist financing regulations
• Implementation of measures to strengthen financial institutions’ compliance with international standards
• Enhanced cooperation between government agencies, financial institutions, and law enforcement authorities