Financial Crime World

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Liechtenstein Tightens Anti-Money Laundering Grip: Supervisory Authority Outlines Legal Foundations for Financial Intermediaries

In a move aimed at bolstering its efforts to combat financial crime, Liechtenstein’s supervisory authority has outlined its legal foundations for financial intermediaries. As an integrated regulatory body, the Financial Market Authority (FMA) is responsible for overseeing banks and insurance companies, as well as numerous other financial market participants.

Anti-Money Laundering Guidelines

The FMA’s anti-money laundering guidelines form a crucial part of its due diligence supervision of Liechtenstein-based financial institutions. These documents outline professional requirements for combating:

  • Money laundering
  • Organized crime
  • Terrorism financing

Regulatory Role

In addition to its supervisory role, the FMA is also involved in regulatory projects aimed at strengthening the Liechtenstein financial centre. Much of this legislative work involves implementing European Economic Area (EEA) enactments into national law, a requirement of Liechtenstein’s EEA membership. The authority plays a key role on behalf of the Government in preparing new financial market laws.

Commitment to Transparency and Integrity

By outlining its legal foundations and anti-money laundering guidelines, the FMA is demonstrating its commitment to maintaining high standards of:

  • Transparency
  • Integrity within Liechtenstein’s financial sector.

This move aims to bolster efforts to combat financial crime and maintain a strong reputation for Liechtenstein as a stable and trustworthy financial centre.