LIECHTENSTEIN TARGETS VASP ECONOMY AND IS EARLY MOVER ON VIRTUAL ASSET/CURRENCY AML RULES
February 22nd, 2023
The Alpine principality of Liechtenstein may be small, but it has passed groundbreaking legislation designed to expand its significant financial sector into the world of virtual currencies and assets (VA). The move has prompted concern from European FATF-style regional body Moneyval, whose latest mutual evaluation report (MER) on the 160 square kilometre and 38,250 population country was released last May (2022) (1).
That highlighted the need for more AML “measures applied with regard to new technology – VA and virtual assets service providers (VASPs)”, ...
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