Liechtenshein Liechtenstein

New Documents

GRECO Publishes Report on Corruption Prevention in Liechtenstein

The Council of Europe’s Group of States against Corruption released an interim compliance report on Liechtenstein’s efforts to implement corruption prevention recommendations related to members of parliament, judges, and prosecutors.

March 12, 2024

Moneyval Welcomes Substantial Effectiveness of AML/CTF Measures in Liechtenstein, Urges More BO Transparency

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism published a fifth round mutual evaluation report on Liechtenstein, welcoming substantial effectiveness in international cooperation and use of financial intelligence.

June 29, 2022

Liechtenstein FIU Publishes 2021 Annual Report

June 17, 2022

GRECO Publishes Second Compliance Report on Liechtenstein’s Incriminations, Party Funding Measures

December 16, 2020

GRECO Publishes Fourth Round Evaluation on Liechtenstein’s Anti-Corruption Regime for Parliament, Legal Sector

December 16, 2020

News

Weekly Roundup: Vietnamese Fraudster Handed Death Sentence, Morgan Stanley Under AML Investigation, and More

U.S. lawmakers target ransomware payments, IRS-CI chief joins Chainalysis, and more, in the weekly roundup.

April 12, 2024

Midweek Roundup: Deutsche Bank Severs Soccer Club Ties, ‘Abu the Bee’ Accused of Financing Terrorism, and More

French Swiss cement company Lafarge admits paying Islamic State group, Kyrgyzstan banks sever links to Russian payment card system, and more, in the midweek roundup.

October 19, 2022

Midweek Roundup: New York Eyes Gun Merchant Code, France Taps AI, Satellite Imagery to Find Untaxed Swimming Pools, and More

August 31, 2022

Midweek Roundup: FinCEN Flags Russian Sanctions Evasion Schemes, OFAC ‘Hit Rates’ Spike, and More

June 29, 2022

Weekly Roundup: FinCEN Warns of Rising Environmental Crimes, Two Swiss Lenders Dinged for AML Breaches, and More

November 19, 2021

Enforcement Actions

0 Items Found

Key Documents

Liechtenstein Issues 2008 Due Diligence Act

December 11, 2008

Liechtenstein Enacts Ordinance on Due Diligence Act

January 11, 2005

Liechtenstein Defines What Constitutes a Politically Exposed Person

February 17, 2009

Liechtenstein Enacts Amendment on Law of Professional Due Diligence When Accepting Assets

September 14, 2000

Important Facts

  • The U.S. Department of State classifies Liechtenstein as a jurisdiction of primary concern. It has a well-developed offshore financial services sector, relatively low tax rates, liberal incorporation and corporate governance rules and a tradition of bank secrecy. All of these conditions contribute significantly to the ability of financial intermediaries in Liechtenstein to attract funds from abroad.The three largest banks in Liechtenstein manage 85 percent of the country’s $125 billion in wealth. The business model of Liechtenstein’s financial sector focuses on private banking, wealth management and mostly nonresident business. It includes the provision of corporate structures such as foundations, companies, and trusts that are designed for wealth management, the structuring of assets, and asset protection. In recent years Liechtenstein banking secrecy has been softened to allow for greater cooperation with other countries to identify tax evasion. There are no reported abuses of non-profit organizations, alternative remittance systems, offshore sectors, free trade zones or bearer shares.
  • KYC covered entities:Banks; securities brokers; insurance companies and brokers; money exchangers or remitters; financial management firms, investment companies, and real estate companies; dealers in high-value goods; lawyers; casinos; the Liechtenstein Post Ltd.; and financial intermediaries
  • STR covered entities:Banks; securities brokers; insurance companies and brokers; money exchangers or remitters; financial management firms, investment companies, and real estate companies; dealers in high-value goods; lawyers; casinos; the Liechtenstein Post Ltd.; and financial intermediaries
  • Enhanced due diligence procedures for PEPs:Foreign:YesDomestic:Yes
  • Money laundering criminal prosecutions/Convictions: Prosecutions: 9 (2014); Convictions: 2 (2014)
-Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 11 High : 0
Largely Compliant : 26 Substantial : 5
Partially Compliant : 3 Moderate : 6
Non-Compliant : 0 Low : 0

BASEL i

Rank : N/A
Score : N/A

TRANSPARENCY INTERNATIONAL i

Rank : N/A
Score : N/A

Tax Justice Network i

Rank : 52/133
Score : 75/100