About the publication
The publication by Josef Bergt and Nicolas Graber, published in 2025 by Schulthess Juristische Medien AG in Zurich/Geneva, provides a practice-oriented introduction to Liechtenstein’s compliance regime for combating money laundering and terrorist financing.
In his foreword, Prof. (FH) Mag. Otto Lucius highlights the density and importance of due diligence obligations in the financial sector, particularly against the background of money laundering, terrorist financing and emerging risks such as crypto-asset-based financial flows and NFTs. He characterizes the book as a practical and systematically structured guide.
The handbook focuses on the statutory requirements of the Due Diligence Act (SPG) and Due Diligence Ordinance (SPV) and their day-to-day application to client onboarding, transaction monitoring and suspicious activity reporting. It also addresses digital business models and blockchain-based services.
Suggested citation (APA 7)
Bergt, J., & Graber, N. (2025). Einführung in das liechtensteinische Sorgfaltspflichtrecht: Ein Praxishandbuch für Sorgfaltspflichtige gemäss SPG. Schulthess Juristische Medien AG.
OGH 09 CG.2024.49
The Supreme Court of Liechtenstein (Fürstlicher Oberster Gerichtshof, OGH) expressly cited the book in its judgment of 7 November 2025, case 09 CG.2024.49, at section 10.8. The proceedings concerned a Liechtenstein bank’s refusal, after termination of the banking relationship, to release gold to a customer listed on the OFAC SDN List. In discussing prudential bank risk management, the OGH explained that foreign sanctions – in particular OFAC sanctions – may create significant reputational, operational and legal risks for financial institutions even where they are not directly binding under domestic law. In that context, the Court referred to Bergt/Graber (2025), para. 142, particularly regarding the de facto importance of access to US-dollar transactions and US financial-market infrastructure. The OGH ultimately regarded the refusal to release the assets as justified from the perspective of the bank’s risk-management obligations.
Key areas covered
Publication details
- Authors
- Josef Bergt · Nicolas Graber
- Publisher
- Schulthess Juristische Medien AG, Zürich/Genf
- Published
- 2025
