Here is the rewritten article in markdown format:
Liechtenstein Stands Firm Against Money Laundering and Terrorism Financing
The Principality of Liechtenstein has long been a leader in the fight against financial crime, with its open financial centre serving as an attractive location for international businesses. At the heart of this success lies a robust defence mechanism against money laundering and terrorist financing (AML/CFT), which is based on close cooperation between national authorities, regulatory bodies, and industry players.
A Strong Defence Mechanism Against AML/CFT
As a member of the European Economic Area (EEA) and MONEYVAL, Liechtenstein adheres to all EU and international standards in combating AML/CFT. The country has consistently demonstrated its commitment to this cause, relying on a whole-of-government approach that involves active participation from government agencies, public authorities, and financial market participants.
Key Components of Liechtenstein’s AML/CFT Strategy
- Adherence to EU and international standards
- Whole-of-government approach involving government agencies, public authorities, and industry players
- Active participation in national risk assessment programme
- Adaptation to emerging risks through the Government’s Financial Centre Strategy
International Recognition of Liechtenstein’s Efforts
This approach has been recognized by MONEYVAL, the Council of Europe’s Committee of Experts on Money Laundering, which published a positive report on Liechtenstein’s AML/CFT measures in June 2022. The country was praised for its progress and encouraged to continue strengthening its defences against money laundering and terrorist financing.
A Secure and Transparent Business Environment
Liechtenstein’s robust stance against financial crime has sent a clear message: the country is committed to maintaining a secure and transparent business environment, which benefits not only its clients but also its reputation as a reliable international financial centre.