Anti-money laundering

For years, Liechtenstein has attached the utmost importance to anti-money laundering and combating the financing of terrorism (AML/CFT), and it pursues a zero-tolerance policy in this regard.

As an EEA member, Liechtenstein has implemented the 4th EU Money Laundering Directive (EU) 2015/849 and as well as the Regulation on information accompanying transfers of funds (EU) 2015/847.

The relevant implementing provisions are found especially in the Law on Professional Due Diligence to Combat Money Laundering, Organized Crime, and Terrorist Financing (Due Diligence Act; DDA) and the Ordinance on Professional Due Diligence to Combat Money Laundering, Organized Crime, and Terrorist Financing (Due Diligence Ordinance; DDO). Both, the revised Law and Ordinance, are in force since 01.09.2017.

In 2002, 2007 and 2014, the International Monetary Fund (IMF) and MONEYVAL assessed to what extent the Liechtenstein AML/CFT provisions meet the FATF standards (FATF 40+9 Recommendations). The IMF and MONEYVAL attested to Liechtenstein's high standards in combating money laundering and financing of terrorism
(see http://www.coe.int/en/web/moneyval/jurisdictions/liechtenstein).

Liechtenstein has been an active member of MONEYVAL for many years. MONEYVAL is the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. This FATF-style regional body has the mandate to ensure through mutual assessment of its member states that their AML/CFT measures meet the FATF standards. MONEYVAL is an associated member of the FATF and reports regularly to the FATF.

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