Regulatory Bodies Keep Tight Rein on Financial Crime in Liechtenstein

In Liechtenstein, a public-law corporation called the Liechtenstein Institute of Professional Trustees and Fiduciaries oversees more than 370 members operating in the country to maintain the highest standards of financial integrity. The organization ensures that all trustees and trust companies adhere to strict guidelines, guaranteeing transparency and accountability.

Ongoing Education and Training

The trust sector requires ongoing education and training for its professionals to stay ahead of the curve. The Institute’s commitment to providing high-quality instruction enables practitioners to meet the demanding standards of Liechtenstein’s fiduciary system.

Regulatory Bodies in Action

• The regulatory bodies in Liechtenstein exercise rigorous supervision over trustees, with the Liechtenstein Financial Market Authority (FMA) and the disciplinary panels of the Liechtenstein Institute of Professional Trustees and Fiduciaries working closely together.
• The Arbitration Commission is also available to resolve disputes arising from mandate transfers between members.

Promoting Transparency and Accountability

In addition to its oversight role, the Institute publishes valuable resources and legal frameworks that guide industry professionals in their daily work. By promoting transparency, accountability, and ongoing education, Liechtenstein’s regulatory bodies are well-positioned to prevent financial crime and maintain the country’s reputation as a trusted hub for international finance.

By working together, the regulatory bodies in Liechtenstein demonstrate their commitment to maintaining a secure and trustworthy financial environment, ensuring that the country remains a preferred destination for investors and businesses alike.