Financial Crime World

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Anti-Money Laundering Requirements in Liechtenstein

3.1 Financial Institutions and Non-Financial Businesses Subject to Anti-Money Laundering Requirements

In Liechtenstein, the following persons are subject to anti-money laundering requirements:

  • Banks and Investment Firms: Required to conduct timely risk-adequate monitoring of business relationships and transactions.
  • E-money Businesses: Must adhere to anti-money laundering regulations to prevent illicit activities.
  • Undertakings for Collective Investment: Those marketing unit certificates or units are subject to anti-money laundering requirements.
  • Insurance Undertakings: Must monitor business relationships and transactions for suspicious activity.
  • Exchange Offices (including TT exchange service providers): Required to conduct anti-money laundering checks on customers.
  • Insurance Brokers: Subject to anti-money laundering regulations to prevent illicit activities.
  • Payment Service Providers: Must adhere to anti-money laundering requirements to prevent money laundering.
  • Asset Management Companies: Required to conduct timely risk-adequate monitoring of business relationships and transactions.
  • Providers of Certain Services for Legal Entities: Subject to anti-money laundering regulations.
  • Casinos and Online Gaming Operators: Required to monitor business relationships and transactions for suspicious activity.
  • Lawyers and Law Firms Providing Tax Advice or Assisting in Financial Transactions: Must adhere to anti-money laundering requirements.
  • Members of Tax Consultancy Professions and External Bookkeepers: Subject to anti-money laundering regulations.
  • Real Estate Agents: Required to conduct anti-money laundering checks on customers for transactions over CHF 10,000.
  • Persons Trading in Goods (cash transactions over CHF 10,000): Must adhere to anti-money laundering requirements.
  • TT Service Providers (e.g., token issuers, depositaries, exchange service providers, token loan companies, trading platform operators, administrators for crypto-assets, transfer service providers): Subject to anti-money laundering regulations.
  • Operators of Trading Platforms for Non-Fungible Tokens: Required to monitor business relationships and transactions for suspicious activity.
  • Art Dealers (transactions over CHF 10,000): Must adhere to anti-money laundering requirements.
  • Persons Holding Third-Party Assets in Safe Custody or Renting Out Premises and Containers for Valuables: Subject to anti-money laundering regulations.

3.2 Payments and Money Transmission Activities Subject to Anti-Money Laundering Requirements

Pursuant to the Swiss Anti-Money Laundering Act (AMLA), persons subject to anti-money laundering requirements must:

  • Conduct timely risk-adequate monitoring of their business relationships, including transactions processed during the business relationship.
  • Be alert to changes in customer behavior or deviations from typical behavioral patterns.
  • Carry out simple investigations with reasonable effort when circumstances arise that deviate from the business profile.