LIECHTENSTEIN FEATURE
August 1st, 2004
BY ALAN OSBORNIT might be one of the world's smallest countries but you could hardly ask for a more emphatic turnaround from villain to hero in the fight against money laundering than Liechtenstein has managed over the last five years. The tiny picture-postcard Alpine principality, located between Austria and Switzerland and with a population of just 32,000, has long been a major international financial centre thanks to its relatively low taxes, loose incorporation and corporate governance rules, plus a tradition of strict banking secrecy. Fees paid by financial ...
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