Title: Liechtenstein Recognized as European Money Laundering Front-Runner by Moneyval Report

Moneyval Praise for Liechtenstein’s Money Laundering and Terrorism Financing Efforts

The European anti-money laundering body, Moneyval, recently published a report commending Liechtenstein for its exceptional progress in combatting money laundering and terrorism financing within its borders. According to the report, Liechtenstein ranks among the top European countries in this domain.

Comprehensive Understanding and Effective Framework

The Council of Europe’s evaluation committee acknowledged the efforts of Liechtenstein’s authorities, hailing the country’s comprehensive understanding of money laundering risks and their effective legal and institutional framework. This framework allows for thorough investigation and prosecution of all money laundering forms.

Cooperative Stance with Neighboring Countries

Moneyval highlighted the significance of Liechtenstein’s cooperative stance with neighboring countries, such as Switzerland and Austria, particularly with the Swiss Border Guard Corps.

Financial Sector Stakeholders’ Awareness and Measures

Financial sector stakeholders in Liechtenstein, including banks and major asset management firms, have shown increased awareness and vigilance towards money laundering and terrorism financing risks. As a result, these entities have implemented advanced countermeasures to tackle these risks.

Enhancements by Financial Market Authority

The Financial Market Authority (FMA) of Liechtenstein has made strides in strengthening control mechanisms. Despite facing challenges with staffing shortages, the Principality continues to provide efficient international legal assistance.

Prime Minister’s Satisfaction and Gratitude

Liechtenstein’s Prime Minister, Daniel Risch, expressed his satisfaction with the positive assessment, stating, “We are thrilled that Moneyval has recognized Liechtenstein’s robust and comprehensive system in combating money laundering and terrorism financing.” He also acknowledged the contributions of all participants from the private and public sectors throughout the rigorous and demanding assessment process.