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.
In 2021, Liechtenstein will be assesed by MONEYVAL, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, in regard to its compliance with international standards against money laundering.
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.
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.
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.
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.