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Liechtenstein to tighten banking rules and end tax haven status

Liechtenstein plans to tighten banking regulations and relinquish its "tax haven" status, making it more difficult for wealthy foreigners to conceal assets in its banks. Prince Alois is set to announce increased transparency measures, following pressure from international authorities. The changes will not affect previously hidden assets, as an interim period will allow customers to transfer their funds before the new laws take effect.
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Euro United States Dollar Apple Inc. LIE Otmar Hasler Prince Alois
TradFi, News Article
04:16 15.10.2024
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