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

Liechtensteinâ€™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.

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Year of publication:	2008-03-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Financial sector \| due diligence \| money laundering \| legal assistance \| court \| business relationships \| terrorist financing \| law enforcement \| beneficial ownership \| criminal liability \| beneficial owners \| legal entity \| competent authorities \| organized crime \| courts \| suspicious activity \| information exchange \| criminal proceeds \| supervisory authority \| terrorism financing \| court of justice \| legal entities \| criminal law \| criminal laws \| criminal activity \| dual criminality \| criminal procedure \| terrorist acts \| international cooperation \| financial intelligence unit \| foreign authorities \| criminal proceedings \| suspicious activity reports \| shell banks \| legal arrangements \| terrorist organizations \| criminal prosecution \| criminal code \| judicial authorities \| customer identification \| compliance officer \| enforcement authorities \| law enforcement authorities \| financial intermediaries \| identification data \| court order \| internal audit \| foreign branches \| lawful purpose \| criminal matters \| risk customers \| banking secrecy \| secrecy provisions \| wire transfer \| legal provisions \| financial intermediary \| judicial proceedings \| international standards \| face to face business \| suspicious transactions \| court of appeal \| exchange information \| negotiable instruments \| foreign court \| value transfer \| life insurance \| foreign counterparts \| criminal sanctions \| investigative powers \| internal organization \| domestic wire transfers \| supervisory authorities \| civil law \| risk categories \| constitutional court \| control information \| administrative sanctions \| audit function \| false information \| risk management \| public prosecutors \| legal obligation \| due diligence requirements \| control structure \| environmental crimes \| economic crimes \| market manipulation \| asset forfeiture fund \| account number \| trust service providers \| precious metals \| foreign authority \| suspicious transaction \| cash transactions \| criminal court \| share capital \| supreme court \| internal controls \| professional secrecy \| assessment methodology \| domestic law \| criminal acts \| court decisions \| court proceedings \| combating money laundering \| combating money \| payment chain \| banking relationships \| licensing requirements \| power of attorney \| detention \| foreign banks \| legal assistance requests \| due diligence measures \| transaction reporting \| money laundering risks \| financial activity \| foreign jurisdictions \| good faith \| customer identification data \| court decision \| unusual transactions \| professional associations \| combat money laundering \| money laundering investigations \| criminal behavior \| criminal activities \| lawful origin \| investigative techniques \| tax authorities \| insurance business \| electronic money \| investigative ? powers \| law enforcement agencies \| suspicious transaction reporting \| supervisory bodies \| confiscated assets \| shell bank \| administrative court \| confiscation of property \| money laundering cases \| criminal courts \| legal requirements \| customer acceptance policies \| criminal cases \| factual circumstances \| anonymous accounts \| securities firms \| transaction records \| noncooperative countries \| monetary union \| ensuring compliance \| restrictive conditions \| correspondent bank \| transaction reports \| share information \| suspicious activity reporting \| reporting obligations \| mutual evaluation \| customer acceptance \| supervisory agency \| legal capacity \| court of appeals \| judiciary \| extradition requests \| business relations \| large cash transactions \| currency transactions \| suspicious activities \| regulatory requirements \| financial service providers \| criminal record \| judicial hearing \| settlement systems \| insider trading \| suspicious transaction reports \| criminal procedures \| supreme court decision \| terrorist financing cases \| supervisory responsibilities \| financial investigations \| insurance contract \| terrorist activities \| technical resources \| financial crimes \| legal systems \| account opening \| criminal organizations \| narcotic drugs \| legal obligations \| financial supervision \| criminal justice \| international wire transfer \| market participants \| foreign counterpart \| international conventions \| civil forfeiture \| laundered property \| internal procedures \| criminal records \| judicial level \| predicate crimes \| illicit trafficking \| terrorist financing purposes \| external auditing \| enforcement powers \| legal services \| secrecy laws \| reputational risk \| alternative remittance \| terrorist assets \| insurance intermediaries \| cash transaction \| tax matters \| internal auditing \| illegal activity \| legislative amendments \| juvenile court \| financial sector supervision \| financial crime \| competent court \| transferable securities \| counterfeiting currency \| administrative regulations \| risk scenarios \| criminal group \| court fees \| compliance function \| dissuasive sanctions \| insurance policies \| securities issues \| permanent residence \| international criminal court \| financial secrecy \| death penalty \| judicial order \| professional privilege \| reporting requirements \| legal expenses \| law enforcement officers \| administrative courts \| identification obligations \| assessment process \| money market instruments \| legal representatives \| criminal penalties \| wire transfer requirements \| licensing authority \| legal experts \| investigative procedures \| civil procedure \| court procedure \| administration of justice \| extrajudicial \| international law \| insurance policy \| frozen assets \| judicial service \| penal code \| conducting investigations \| legal professional \| due consideration \| legal status \| domestic court \| face value \| undercover operations \| legal foundations \| customer identification requirements \| judicial decisions \| bankruptcy law \| payment systems \| money orders \| formal extradition proceedings \| illegal proceeds \| mutual evaluation process \| foreign exchange offices \| legal information \| illicit arms trafficking \| international judicial assistance \| high court \| insurance supervisors \| money laundering measures \| precious stones \| alternative remittance activity \| currency changing \| foreign jurisdiction \| accounting procedures \| extraditable offenses \| court record \| judicial foreclosure \| judicial assistance \| forfeiture actions \| courts of arbitration \| financial leasing arrangements \| drug trafficking \| reporting suspicions \| ofc program \| liquid securities \| life insurance policies \| courts of law \| account files \| trafficking cases \| illicit funds \| trade law \| banking regulations \| transmitting funds \| financial operations \| criminal purposes \| customer identification information \| industrial sector \| international trade law \| predicate offences \| risk management systems \| banking supervision \| due diligence standards \| civil liability

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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 08/87 33 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011244846