The Liechtenstein Financial Market Authority has published updates to “List A – Increased geographical risks”, the country list used for due diligence purposes under the Due Diligence Act and Article 11a of the act, reflecting changes in the underlying sources used to compile the list. The update incorporates the Financial Action Task Force’s February 2025 “Jurisdictions under Increased Monitoring” list and the 2024 Transparency International Corruption Perceptions Index. It also replaces the previously used Global Terrorism Index with the country lists on increased terrorist financing and proliferation financing risk included in the annex to Liechtenstein’s third National Risk Analysis (NRA III). As a result, Chile and Malaysia are removed from List A, while Qatar, Monaco and Saudi Arabia are added; obliged persons are expected to implement the necessary system changes by 15 May 2025. Separately, the FMA noted that the European Commission has not yet updated the list of “states with strategic deficiencies” under Delegated Regulation (EU) 2024/163 amending Delegated Regulation (EU) 2016/1675, and based on information available to the FMA this is not expected before the end of 2025.
Liechtenstein Financial Market Authority 2025-04-25
Liechtenstein Financial Market Authority updates its List A of increased geographical risks adding Qatar Monaco and Saudi Arabia and removing Chile and Malaysia
The Liechtenstein Financial Market Authority updated "List A – Increased geographical risks" for due diligence under the Due Diligence Act, incorporating the Financial Action Task Force's February 2025 list and the 2024 Transparency International Corruption Perceptions Index. Chile and Malaysia were removed, while Qatar, Monaco, and Saudi Arabia were added. The European Commission has not updated its list of "states with strategic deficiencies," with no changes expected before the end of 2025.