Liechtenstein; Assessment of Financial Sector Supervision and Regulation

The financial sector in Liechtenstein provides primarily wealth-management services, including banking, trust, other fiduciary services, investment management, and life insurance. The establishment of the Financial Market Authority (FMA) as the unified, independent regulator in January 2005 is a huge step for the financial services industry. The FMA and other authorities have been successful in implementing most of the recommendations provided in the earlier 2002 IMF assessment. The authorities and the industry continue to make significant efforts to strengthen the antimoney laundering regime, though there is still work ahead.

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Year of publication:	2008-06-24
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Financial Sector Assessment Program \| Bank supervision \| Combating the financing of terrorism \| Basel Core Principles \| Insurance supervision \| Securities regulations \| money laundering \| due diligence \| terrorism \| financing of terrorism \| terrorist \| terrorist financing \| beneficial ownership \| international cooperation \| banking supervision \| life insurance \| terrorist acts \| legal assistance \| iosco principles \| criminal liability \| law enforcement \| financial intelligence unit \| beneficial owners \| risk customers \| supervisory authority \| negotiable instruments \| legal entities \| risk management \| financial sector supervision \| international standards \| reporting requirements \| assessment mission \| competent authorities \| suspicious activity \| terrorists \| suspicious activity reports \| securities regulation \| securities activities \| foreign branches \| share information \| criminal activity \| criminal proceeds \| domestic wire transfers \| terrorist organization \| securities regulators \| foreign counterparts \| criminal activities \| control information \| suspicious activities \| money laundering measures \| suspicious transaction \| terrorist assets \| extradition requests \| value transfer \| prudential regulation \| internal controls \| terrorism financing \| noncooperative countries \| foreign regulatory \| monetary union \| control structure \| environmental crimes \| administrative sanctions \| foreign regulators \| terrorist organizations \| financial transactions \| foreign authorities \| domestic law \| financial sector regulation \| identification data \| financial intermediaries \| insurance product \| shell banks \| legal entity \| regulatory authorities \| market manipulation \| foreign jurisdiction \| suspicious transaction reporting \| confidentiality requirements \| supervisory authorities \| exchange information \| customer identification information \| dual criminality \| insurance supervisors \| enforcement powers \| customer identification \| financial activity \| wire transfer \| transferable securities \| information exchange \| supervisory responsibilities \| payment systems \| lawful purpose \| criminal sanctions \| securities markets \| non cooperative countries \| market intermediaries \| law enforcement authorities \| supervisory systems \| legal arrangements \| transaction reports \| suspicious transaction reports \| secrecy provisions \| financial service providers \| collective investment schemes \| enforcement authorities \| terrorist act \| good faith \| domestic counterparts \| cash transactions \| banking supervisors \| transaction reporting \| ensuring compliance \| due diligence measures \| united nations security \| financial sector standards \| criminal conviction \| investigative powers \| factual circumstances \| audit function \| reinsurance companies \| precious metals \| foreign authority \| foreign jurisdictions \| legal assistance requests \| criminal forfeiture

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 08/195 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243107