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
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.