Financial Crime World

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Financial Action Task Force (FATF) Report on Liechtenstein’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Measures

Introduction

The FATF report assesses Liechtenstein’s progress in implementing AML/CFT measures, highlighting key areas of improvement and challenges.

Money Laundering (ML)

Progress and Challenges

  • Liechtenstein has made significant progress in implementing AML/CFT measures.
  • The country has achieved convictions for all three types of ML cases, but self-laundering remains a prevailing typology.

Sanctions and Confiscation

  • Sanctions imposed by Liechtenstein courts are not proportionate and dissuasive.
  • Confiscation of proceeds is pursued as a policy objective, with strong inter-institutional cooperation and frequent application of confiscation.

Terrorist Financing (TF)

Prosecutions and Convictions

  • There have been no TF prosecutions or convictions in Liechtenstein so far.

Risk Assessment and Strategy

  • The national TF risk assessment concluded that the risk of TF in Liechtenstein is medium.
  • No specific counter-terrorism-related strategy has been developed by the country, but a TF Strategy aims to develop the ability to prevent/suppress TF.

Compliance with FATF Recommendations

Implementation of UN TFS

  • Liechtenstein’s legal framework ensures automatic implementation of UN TFS related to TF/PF into the national framework.

Legislation and Supervision

  • The country has recently further amended its legislation in line with FATF Recommendations covering TF/PF TFS-related supervision, procedures for designation, listing, and delisting.