Liechtenstein: Assessment of Financial Sector Supervision and Regulation
June 24, 2008
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The financial sector in Liechtenstein provides primarily wealth-management services, including banking, trust, other fiduciary services, investment management, and life insurance. The establishment of the Financial Market Authority (FMA) as the unified, independent regulator in January 2005 is a huge step for the financial services industry. The FMA and other authorities have been successful in implementing most of the recommendations provided in the earlier 2002 IMF assessment. The authorities and the industry continue to make significant efforts to strengthen the antimoney laundering regime, though there is still work ahead.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asset and liability management, Asset management, Banking, Crime, Financial institutions, Financial services, Insurance, Insurance companies
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), asset, Asset management, authority, CR, due diligence, EEA membership, EEA requirement, Europe, FMA Act, FMA order, FMA representative, Global, Insurance, Insurance companies, ISCR, Liechtenstein, Liechtenstein regime
Pages:
37
Volume:
2008
DOI:
Issue:
195
Series:
Country Report No. 2008/195
Stock No:
1LIEEA2008002
ISBN:
9781451823332
ISSN:
1934-7685
