Financial Crime World

Liechtenstein’s Response to Money Laundering and Terrorist Financing Report

The Government of Liechtenstein has submitted a response to an independent expert report on money laundering and terrorist financing. The following article provides key points from the government’s response.

Strong Measures Against Money Laundering

  • The report highlights Liechtenstein’s robust measures against money laundering and terrorism financing, which have been audited by MONEYVAL, an international organization that evaluates countries’ anti-money laundering (AML) and combating the financing of terrorism (CFT) systems.
  • The government emphasizes its commitment to implementing effective AML/CFT measures, in line with international standards.

Trusts and Confidentiality

  • The report mentions that extracts from the Commercial Register can be ordered at any time without demonstrating an interest. However, this is not entirely accurate according to Liechtenstein’s law.
  • Only basic information on registered trusts is publicly available, while information and supporting documents regarding trusts not entered in the Commercial Register (“deposited trusts”) may only be requested by the depositor or specific authorities.

Cooperation with National Bodies

  • The report praises Liechtenstein for its close cooperation with national bodies responsible for preventing and prosecuting money laundering/terrorist financing, as well as its engagement in cross-border cooperation through intelligence sharing and mutual legal assistance.
  • The government highlights its commitment to international cooperation and collaboration in combating financial crimes.

Adherence to International Standards

  • The government emphasizes that it follows the international standards set by the Financial Action Task Force (FATF) and implements the EU requirements in the area of money laundering and terrorist financing.
  • This demonstrates Liechtenstein’s commitment to upholding global standards and best practices in combating financial crimes.

By addressing the points raised in the independent expert report, the Government of Liechtenstein aims to provide a more accurate picture of its efforts to combat money laundering and terrorism financing. The response highlights the country’s commitment to international cooperation and adherence to global standards.