The Liechtensteiner Vaterland news service reported this week that the tone of a recent visit from a delegation of International Monetary Fund (IMF) officials was 'constructive'.
The IMF is conducting a series of regulatory assessments in various countries, and according to the Vaterland, will have completed some 60 assessments by the end of 2003.
According to the jurisdiction's government last week: 'The task of the International Monetary Fund is much more comprehensive (than that of the FATF or other supervisory bodies): it examines the functioning of surveillance in all areas...e.g.banks, insurance companies, trustees and so on.'
The IMF report on Liechtenstein's regulatory standards and procedures should be ready in the early part of 2003.
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