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Liechtenstein Government Confirms Anti-Laundering Agreement With Monaco

by Ulrika Lomas, Tax-News.com, Brussels

25 September 2002

Speaking in Parliament last week, Liechtenstein's Head of Government, Otmar Hasler confirmed that the Principality recently concluded an agreement with Monaco over the prevention of money laundering and terrorist financing.

Reporting on the paliamentary session, the Liechtenstein News service revealed that vice-parliamentary president, Peter Wolff raised the issue, announcing that he had read about the agreement in the international media, and wanted more details from the government.

Mr Hasler then confirmed that a Memorandum of Understanding had been signed by Liechtenstein's Financial Intelligence Unit (FIU) head, and the chief of Monaco's Service d'information et de Controle sur les Circuits Financiers on September 5.

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