Financial Crimes and Terrorism Financing in Liechtenstein Under Scrutiny

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A recent technical note has evaluated the state of anti-money laundering (AML) and combating the financing of terrorism (CFT) in Liechtenstein, revealing significant progress since the last mutual evaluation.

Progress Made

• Liechtenstein has made substantial strides in consolidating a strong framework for AML/CFT.
• The country’s legal framework is now more closely aligned with Financial Action Task Force recommendations.
• Robust institutional frameworks are in place to combat money laundering and terrorist financing.

Key Achievements

• Proactive use of the in rem regime of confiscation of criminal proceeds, which has proven highly effective in combating money laundering and terrorist financing.
• Effective implementation of measures to prevent the misuse of Liechtenstein’s financial system through domestic cooperation.

Areas for Improvement

• Uneven implementation at times, with room for improvement to optimize AML/CFT efforts.
• Continued vigilance and proactive measures are necessary to combat financial crimes and terrorism financing in Liechtenstein.

Conclusion

As a small but significant player in the global financial system, Liechtenstein’s efforts are critical to ensuring the integrity of international financial transactions. The report concludes by emphasizing the importance of continued vigilance and proactive measures to combat financial crimes and terrorism financing in Liechtenstein.