Liechtenstein Takes a Strict Stance on Anti-Money Laundering Laws

A Leader in Combating Illicit Financial Activities

In its efforts to clamp down on money laundering and terrorism financing, Liechtenstein has been at the forefront of implementing international anti-money laundering (AML) and combating terrorism financing (CFT) regulations. The country’s banking sector is deeply committed to ensuring strict compliance with these laws.

Key Players in AML/CFT Efforts

• Liechtenstein Bankers Association (LBA): The LBA plays a key role in driving the effort to implement international standards and requirements.
• Financial Action Task Force (FATF): Liechtenstein incorporates the 40+9 Recommendations of the FATF into its domestic law.

Implementation of International AML/CFT Requirements

The transposition of EU directives and regulations, including the 4th EU Anti-Money Laundering Directive and the 5th EU Anti-Money Laundering Directive, has been a key focus area for Liechtenstein. The Due Diligence Act and the Due Diligence Ordinance have been updated to reflect changing global developments.

Recognition of Efforts

Liechtenstein’s commitment to AML/CFT has earned it membership in MONEYVAL, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. In its recent assessment, MONEYVAL praised Liechtenstein for meeting high standards in this area.

Key Facts

• Liechtenstein is a leader in implementing international AML/CFT regulations.
• The country’s banking sector is deeply committed to ensuring strict compliance with these laws.
• The LBA plays a key role in driving the effort to implement international standards and requirements.
• Liechtenstein has incorporated the 40+9 Recommendations of the FATF into its domestic law.
• The Due Diligence Act and the Due Diligence Ordinance have been updated to reflect changing global developments.