Liechtenstein: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2008/087, IMF Staff Country Reports from International Monetary Fund

Abstract: Liechtenstein’s financial sector business has created money laundering risks. The investigative powers of the law enforcement authorities are comprehensive enough to enable them to conduct serious investigations in an effective way. Money laundering is criminalized broadly in line with the international standard. Liechtenstein relies on its trust service providers to obtain, verify, and retain records of the beneficial ownership and control of legal persons. Liechtenstein should conduct a full review of its laws concerning non-profit organizations to assess their adequacy for combating the financing of terrorism.

Keywords: ISCR; CR; due diligence; beneficial owner; predicate offense; criminal offense; terrorist group; correspondent bank; organized crime; criminal activity; Money laundering; Legal support in revenue administration; Anti-money laundering and combating the financing of terrorism (AML/CFT); Terrorism financing; Global; Europe (search for similar items in EconPapers)
Pages: 331
Date: 2008-03-03
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