Title: Liechtenstein Cracks Down on Money Laundering Allegations: CHF 27 Million Assets Frozen from Former Ukrainian Politicians

Freezing of Assets and Criminal Proceedings

Liechtenstein’s Office of the Public Prosecutor has confirmed the freezing of around CHF 27 million in assets linked to former Ukrainian politicians, initiating criminal proceedings for money laundering.

• Approximately CHF 27 million in assets frozen
• Criminal proceedings opened by the Office of the Public Prosecutor

Reason for Action

Following an investigation in Ukraine against the former president and several government members on corruption charges in February 2014, Liechtenstein’s authorities seized potential assets belonging to these individuals.

1. Ukrainian investigation: Focused on corruption charges against the former president and several members of the previous Ukrainian government
2. Liechtenstein response: Issued orders to freeze potential assets
3. FIU review: Reviewed reports on cases, identified suspicious transactions
4. Suspected money laundering: Preliminary suspicion of criminal offense
5. Request for authorization: Seeking authorization from the investigating judge for initial investigations under StGB sections 165, paragraphs 1, 2, and 3

Collaborative Efforts

Liechtenstein has been actively cooperating with other involved nations in handling these allegations:

• Ukraine Asset Recovery Forum: Participated in the forum organized by the United States and the United Kingdom to coordinate actions and support the Ukrainian government

Inquiries

For inquiries, please contact:

1. Daniel Thelesklaf
   • Director, Financial Intelligence Unit
   • Tel: +41 79 1 3838 90
2. Dr. Robert Wallner
   • Prosecutor General
   • Tel: +423 2366794