Compliance with recognized international standards in the field of financial market supervision is important for the international recognition of a financial centre and is thus one of the most important goals of the FMA. The international standards are decisive when evaluating the equivalence of a supervisory authority. Recognition of equivalence of supervision in the home country is important to ensure permanent access by Liechtenstein financial intermediaries to international financial markets. Compliance with these international standards is regularly verified by international bodies.
MONEYVAL Assessment 2021
In September 2021, MONEYVAL, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, assessed Liechtenstein in regard to its compliance with international standards against money laundering. MONEYVAL published its fifth country report on Liechtenstein in June 2022. The report confirms that Liechtenstein has put in place a robust and comprehensive system to combat money laundering and terrorism financing. It also assesses the supervisory system as well suited and the applied processes as efficient and highlights the consistent, risk-oriented supervision by the FMA.
Press Release (German)
IMF and MONEYVAL Assessment 2013
In June 2013, an international team of evaluators from the International Monetary Fund (IMF) and MONEYVAL assessed Liechtenstein in regard to its compliance with international standards against money laundering. The purpose of the assessment was to identify possible weaknesses in Liechtenstein's measures against money laundering and terrorist financing and in that way to improve the system. The IMF and MONEYVAL gave Liechtenstein good marks in its efforts to combat money laundering and terrorist financing.
Government Press Release (German)
IMF and Moneyval Report
FSB Assessment 2011
At the G20 summit in London in 2009 the Financial Stability Board (FSB) was mandated to analyse supervisory standards in the area of international cooperation and information exchange in the 60 most important financial centres and to compile a list of non-cooperative jurisdictions. In the following two years, the FSB verified using the IMF country reports to what extent the individual jurisdictions meet the relevant standards (Basel Core Principles for Effective Banking Supervision, IOSCO Objectives and Principles of Securities Regulation, and IAIS Insurance Core Principles). It was also noted whether the IOSCO Multilateral Memorandum of Understanding (MMoU) had been signed. The result of the analysis was published at the G20 summit in Cannes in November 2011. The Liechtenstein supervisory system was included in the best of the three different country categories.
Financial Stability Board: Global adherence to regulatory and supervisory standards on international cooperation and information exchange
IMF and MONEYVAL Assessment 2007
In 2007, the IMF together with experts from MONEYVAL, undertook another assessment of Liechtenstein's measures to combat money laundering and terrorist financing. This report again attested to Liechtenstein's high implementation standards.
Liechtenstein: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism (IMF Country Report No. 08/87)
IMF Assessment 2002
For the first time in 2002, the International Monetary Fund (IMF) verified to what extent the Liechtenstein supervisory system met the relevant international standards.
Liechtenstein: Assessment of Financial Sector Supervision and Regulation (IMF Country Report No. 08/195)