Anti-money laundering
The International Monetary Fund (IMF) and the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) have published their report on the fourth evaluation round. The IMF and Moneyval give Liechtenstein good marks in combating money laundering and financing of terrorism. The Government intends to actively address the remaining recommendations.
The assessment of Liechtenstein's compliance with international anti-money laundering standards by an international team of evaluators took place in June 2013. The assessment entailed a heavy workload for the FMA and other authorities. The purpose of the assessment is to identify possible weaknesses in the measures to combat money laundering and financing of terrorism and in that way to improve the system. Compliance with international standards in this field is also an important precondition for access to foreign financial markets.
As the supervisory authority, the FMA monitors financial intermediaries' compliance with due diligence obligations and takes part in the development of regulations in this regard. Along with other Liechtenstein authorities, it is thus responsible for implementation of and compliance with the international standards against money laundering and financing of terrorism.