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

March 3, 2008

Preview Citation

Format: Chicago

Liechtenstein: Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Beneficial owner, Correspondent bank, CR, Criminal activity, Criminal offense, Due diligence, Europe, Global, ISCR, Legal support in revenue administration, Money laundering, Organized crime, Predicate offense, Terrorism financing, Terrorist group

Publication Details

Pages:

331
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/087
Stock No:

1LIEEA2008001
ISBN:

9781451823325
ISSN:

1934-7685

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