LLB Group in Liechtenstein: Upholding Values, Navigating Regulatory Landscape

The LLB Group, located in the heart of Europe’s Alpine region, is a leading financial institution known for its strong foundation of values and unwavering commitment to regulatory compliance. The group’s values - integrity, respectfulness, excellence, and pioneering - shape its corporate management.

Embracing Value-Based Actions

The organization’s vision is to “set standards for banking with values.” Encouraging employees to be self-starters, instigators of improvement processes, and propose ideas is part of the group’s “Cultural journey” project. Central topics such as “Ownership and delegation” have been the focus of this project since the 2019 reporting year.

Regulatory Compliance in a Highly Regulated Environment

Beyond value-based actions, regulatory compliance is crucial for any financial institution in the current business environment. The LLB Group actively monitors regulatory developments and contributes to their shaping and implementation.

Key Regulatory Frameworks Implemented Since 2009:

3rd EU Anti-Money Laundering Directive
Deposit Guarantee Schemes Directive
Financial Services Act (FinSA) and Financial Institutions Act (FinIA) in Switzerland
EU General Data Protection Regulation (GDPR)

The LLB Group implemented the EU General Data Protection Regulation (GDPR) group-wide, allowing clients to benefit from stronger data protection and a more transparent financial landscape. The financial centre strategy of the Principality of Liechtenstein, published in 2019, is in line with the group’s commitment to regulatory compliance and fostering market access and innovative enterprises.

Zero-Tolerance Policy towards Money Laundering and Terrorist Financing

With a zero-tolerance policy towards money laundering and terrorist financing, the LLB Group is dedicated to regulatory compliance. As a member of the European Economic Area (EEA), Liechtenstein has implemented the 4th EU Anti-Money Laundering Directive and upholds international standards in combatting these issues.

International Regulatory Compliance

The LLB Group’s dedication to regulatory compliance extends beyond its home country. The organization follows developments on international tax topics and maintains an open dialogue with key partner countries and international bodies, creating an attractive tax system that adheres to European law and global expectations.

European Union Regulatory Landscape: Challenges and Opportunities

The European Union’s financial services sector and the evolving regulatory landscape present both challenges and opportunities for the LLB Group. By staying informed and ensuring regulatory compliance, the group remains prepared to adapt and succeed in a responsible and sustainable manner.