Financial Crime World

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Liechtenstein’s Performance in Addressing Transnational Organized Crime

Leadership and Governance

Liechtenstein has a strong stance against organized crime due to its geographic location and reputation as a tax haven. The government is largely free of corruption at all levels of the state.

However, the country’s legal framework for providing access to information is poor.

  • Key points:
    • Strong stance against organized crime
    • Largely free of corruption at all levels of the state
    • Poor legal framework for providing access to information

Criminal Justice and Security

Liechtenstein’s judicial system is efficient and transparent, with effective investigation and prosecution of criminal cases. The national police has many law enforcement units focused on corruption and money laundering.

  • Key points:
    • Efficient and transparent judicial system
    • Effective investigation and prosecution of criminal cases
    • Law enforcement units focused on corruption and money laundering

Economic and Financial Environment

Money laundering is a major concern due to Liechtenstein’s reputation as an offshore tax haven. The country has made efforts to increase banking transparency, including the creation of a special analytics unit to detect money laundering.

  • Key points:
    • Major concern of money laundering
    • Efforts to increase banking transparency
    • Special analytics unit to detect money laundering

Civil Society and Social Protection

The government has put legislation and training mechanisms in place to provide effective treatment for victims of all types of crime. There are many strategies in place to prevent corruption, including early education campaigns and drug-use prevention programmes.

  • Key points:
    • Effective treatment for victims of crime
    • Strategies to prevent corruption

Overall Assessment

Liechtenstein has made significant efforts to address transnational organized crime, including improving banking transparency, enacting anti-money laundering measures, and providing effective treatment for victims of crime. However, the country still faces challenges related to its reputation as a tax haven and the need to improve its legal framework for providing access to information.

Overall, Liechtenstein’s performance in addressing transnational organized crime is considered good, with opportunities for further improvement in certain areas.