Financial Crime World

Here’s the article in markdown format:

2020 Annual Report on Liechtenstein Financial Centre

==============================

Overview

The Liechtenstein Financial Centre is a major financial hub in Europe, with various divisions supervised by the FMA (Financial Market Authority). This report provides an overview of key statistics and data points related to financial market participants and products.

Licences Issued in 2020


Banking Division

  • Banks: 13 licences issued
  • Investment firms: 1 licence issued
  • Payment institutions: 0 licences issued
  • Electronic money institutions: 4 licences issued

Securities and Markets Division

  • Asset management companies: 102 licences issued
  • Active asset management companies: 3 licences issued
  • UCITS: 217 licences issued
  • AIFMG Large AIFMs: 16 licences issued

Insurance and Pension Funds Division

  • Insurance undertakings: 36 licences issued
  • External auditors under the VersAG: 7 licences issued
  • Insurance intermediaries: 56 licences issued

Anti-Money Laundering and DNFBP Division

  • Professional trustees: 147 licences issued
  • Trust companies: 245 licences issued
  • Auditors: 41 licences issued

Free Movement of Services


The EU’s single market allows for the free movement of services across member states. The FMA supervises financial market participants under this regime.

Banking Division

  • EEA banks: 269 registered
  • EEA investment firms: 2188 registered
  • EEA payment institutions: 407 registered

Insurance and Pension Funds Division

  • EEA insurers: 438 registered

Securities and Markets Division

  • EEA investment undertakings: 559 registered
  • EEA management companies: 82 registered