Here is the rewritten article in markdown format:
Financial Intelligence Unit Act in Liechtenstein
=====================================================
The Financial Intelligence Unit (FIU) Act from Liechtenstein outlines the purpose and responsibilities of the FIU, as well as its relationship with other authorities and individuals. This act plays a crucial role in preventing and combating money laundering, organized crime, and terrorist financing.
Purpose and Responsibilities of the FIU
The FIU is responsible for:
- Preventing and combating money laundering, predicate offenses to money laundering, organized crime, and terrorist financing.
- Collecting and analyzing financial information from various sources, including:
- Banks
- Financial institutions
- Other organizations
Access to Information and Confidentiality
Individuals and organizations have the right to request information about themselves from the FIU. However, this right is subject to certain limitations.
- The FIU must protect the confidentiality of its sources and preserve their anonymity.
- The FIU’s activities are regulated by law, ensuring that sensitive information is handled responsibly.
Repeal of Previous Ordinance
The FIU Act repeals a previous ordinance related to the FIU. This change aims to update the regulations and ensure compliance with current laws and international standards.
Conclusion
In summary, the Financial Intelligence Unit Act in Liechtenstein provides a framework for preventing and combating financial crimes. The act outlines the responsibilities of the FIU and its relationship with other authorities and individuals. By regulating access to information and ensuring confidentiality, the FIU plays a vital role in maintaining financial stability and security in Liechtenstein.