Liechtenstein’s Financial Sector Remains Rock-Solid Despite Global Uncertainty

A Beacon of Hope in Uncertain Times

Vaduz - Liechtenstein’s financial sector has emerged unscathed despite a turbulent global financial landscape, thanks to the unwavering efforts of the country’s Financial Market Authority (FMA). The FMA’s robust enforcement policies have successfully curbed market abuse and protected customers.

Robust Enforcement Policies in Action

• According to its recently released Economic Report 2023, the FMA launched an impressive 88 administrative proceedings or criminal investigations during the reporting period.
• These efforts resulted in fines totaling CHF 1.489 million imposed on financial institutions for violations of banking law, market manipulation, insider trading, and transactions involving clone companies.
• A single legal entity was slapped with a hefty fine of CHF 500,000.

Criminal Complaints Filed

• Nine criminal complaints were filed with the public prosecutor’s office in connection with suspected market abuse, unauthorized deposit acceptance, insider trading, and other financial malfeasance.

Future Developments

• The FMA has been tasked by the government to further develop financial market regulations, including new guidelines for:
  • Securities trading
  • Digitalization
  • Cryptocurrency trading
• A revised version of the Financial Market Act is set to be finalized by January 1, 2025.

Conclusion

The FMA’s tireless efforts have earned Liechtenstein a reputation as a financial hub that prioritizes transparency, stability, and customer protection. This beacon of hope in uncertain times offers reassurance for investors and financial institutions alike.