Liechtenstein: Anti-Money Laundering and Combating the Financing of Terrorism-Technical Note

IMF Staff Country Reports, August 14, 2018

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Canonical URL: Liechtenstein: Anti-Money Laundering and Combating the Financing of Terrorism-Technical Note

Evaluates the state of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Liechtenstein.
Liechtenstein has made significant steps and achieved considerable progress since the last mutual evaluation.
Legal framework: brought more closely in line with the Financial Action Task Force recommendations.
Institutional framework: consolidated an overall robust institutional framework for combating money laundering and terrorist financing.
Transparency: moving toward greater transparency.
Domestic cooperation: robust; key stakeholders enjoy the trust of the financial and nonfinancial sectors.
Implementation: effective implementation is uneven and not always optimal.
Confiscation practice: proactive use of the in rem regime of confiscation of criminal proceeds has proven to be quite effective.

Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing
Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), audit firm, beneficial owner, code of criminal procedure, CR, due diligence, Europe, financial market, Global, ISCR, Legal support in revenue administration, limited partnership, Money laundering, organized crime, penal code, predicate offense, public enterprise, risk assessment, Terrorism financing