The Draft Legislation on Money Laundering in Liechtenstein and the Czech Republic

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Thursday, December 1, 1994
Author: 
K.D. Magliveras
Volume: 
10
Issue: 
12
460
Abstract: 
The principality of Liechtenstein, although very small in size and with only four banks operating in its territory has the potential of being abused for money laundering activities on a large scale. Unlike other European countries, the funds to be laundered through the Liechtenstein banking system would not usually derive from drug trafficking offenses but from foreign individuals and companies wishing to avoid the stringent tax authorities in their countries...(more)