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Liechtenstein

Yearbook 2002

Liechtenstein. According to Countryaah website, the status of the prosperous principality as a tax haven has been increasingly questioned over a number of years. Following previous criticism, Liechtenstein had made some changes and, among other things, sharpened its measures against the laundering of black money. But in April, the country ended up on the OECD's list of countries accused of still being too reluctant to increase transparency in banking operations. The designated countries are threatened by sanctions from 2003.

2002 Liechtenstein

The EU also pushed for information exchange on foreign-owned bank accounts, but Liechtenstein and other small states awaited tough negotiations between Switzerland and the Union.

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