Financial Crime World

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Financial Crime Investigation Process in Liechtenstein Exposed

A comprehensive examination of the financial crime investigation process in Liechtenstein has revealed a complex and multi-faceted approach to uncovering illicit activities. In this article, we delve into the intricacies of building subject profiles, collecting financial data, and utilizing open-source information to bring perpetrators to justice.

Building Subject Profiles

At the heart of any successful investigation is the creation of a thorough subject profile. Practitioners in Liechtenstein collect and record essential information related to the target, including their:

  • Name
  • Date and place of birth
  • Aliases
  • Contact details

This information is regularly updated and shared with foreign counterpart agencies in multijurisdictional cases.

Collecting Financial Data

In asset recovery investigations, practitioners collect a wide range of data, including:

  • Financial Records: Bank statements, loan applications, and other financial documents
  • Real Estate Documents: Purchase agreements, appraisals, and other property-related records
  • Business Information: Details about the target’s businesses, relatives, employees, and associates

This data is gathered from various sources, including government agencies, financial institutions, law firms, and trust service providers. Practitioners must also consider the use of physical surveillance and interviews to gather additional leads.

Utilizing Open-Source Information

Open-source information plays a crucial role in Liechtenstein’s financial crime investigation process. This includes publicly available data from:

  • Social Media Platforms: Online activity, posts, and profiles
  • Online Databases: Property and credit reports, civil litigation records, and other publicly available databases
  • News Articles: Media coverage of the target or their associates

Categories of open-source information include:

  • Official public records (incorporation documents, property records)
  • Private commercial databases (property and credit reports)
  • Civil litigation and divorce proceedings
  • Corporate registrations and filings

Practitioners use this information to develop the investigative plan, identify domestic or foreign assets held by targets, and lay the foundation for search and seizure warrants. Open-source information can also reveal assets held by targets’ families and associates, as well as associated businesses.

Conclusion

Liechtenstein’s financial crime investigation process is a sophisticated and multi-faceted approach that relies on thorough subject profiling, data collection, and open-source information. By understanding the intricacies of this process, law enforcement agencies can more effectively combat financial crimes and bring perpetrators to justice.