The money laundering offences listed in the Penal Code are to be extended, as Liechtenstein continues to implement international standards.
The money laundering offences listed in the Penal Code are to be extended to include the serious tax offences of tax fraud and qualified tax evasion, the government has reported. The report and application for the amendment to the Penal Code have been passed and are due for first reading in the state parliament in November. According to Deputy Prime Minister Thomas Zwiefelhofer, it is another step in Liechtensteins implementation of international standards on money laundering.
In February 2012, the Financial Action Task Force (FATF) included tax offences in its recommendations on the list of money laundering offences. MONEYVAL, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, adopted these recommendations. As a member of the Council of Europe, they are also applicable to Liechtenstein.