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Financial Intelligence Unit (FIU) of Liechtenstein: Key Activities and Goals
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Money Laundering Efforts
The FIU received 20 reports of suspicion relating to possible terrorist financing, an increase from 11 in the previous year. The FIU continues to attach great importance to combating money laundering and is focusing on sensitizing persons subject to due diligence.
Key Statistics:
- 20 reports of suspicion relating to possible terrorist financing
- Increase from 11 reports in the previous year
Terrorist Financing
The issue of terrorist financing has taken center stage again after Hamas’s attack on Israel in October 2023. The FIU has joined the Counter Terrorist Financing Taskforce – Israel (CTFTI) to detect and disrupt international money flows related to Hamas.
Key Initiatives:
- Joined the CTFTI to combat terrorist financing
- Focusing on detecting and disrupting international money flows related to Hamas
International Sanctions Enforcement
The FIU serves as the national sanctions enforcement authority and has been enforcing international sanctions related to Russia’s war against Ukraine. A separate report on sanctions will be published later this year, including a collection of sanction-related cases.
Key Points:
- Enforcing international sanctions related to Russia’s war against Ukraine
- Separate report on sanctions to be published later this year
International Cooperation
International cooperation is one of the cornerstones of the FIU’s daily work, with a focus on exchanging information with foreign FIUs and supporting international mutual legal assistance. The FIU participates in multinational task forces, such as the Egmont Group, MONEYVAL, and the European Commission.
Key Partnerships:
- Exchanging information with foreign FIUs
- Supporting international mutual legal assistance
- Participating in multinational task forces (Egmont Group, MONEYVAL, and the European Commission)