For decades, Liechtenstein has been actively engaged in the combat against money laundering and terrorist financing and has been guided by the international standard of the Financial Action Task Force (FATF). Since 1999, Liechtenstein has been a member state of MONEYVAL, which is a regional body modelled on the FATF and has its headquarters at the Council of Europe in Strasbourg. MONEYVAL regularly reviews the national regulations of its member states for the implementation of the 40 FATF recommendations and assesses the effectiveness of the national system for combating money laundering and terrorist financing. In June 2022 MONEYVAL published its Country Report on Liechtenstein, concluding that the country demonstrates a high level of effectiveness in identifying and combating money laundering and terrorist financing risks. With these ratings, Liechtenstein also performs very well in comparison with other countries already assessed. Due to the positive report, Liechtenstein is subject to the regular MONEYVAL reporting process and is thus one of only five MONEYVAL member countries with this result.