Liechtenstein, the opacity paradise for the ultra-rich, is crumbling
The country is suffering a computer attack in which the criminals were not looking for money, but rather locked away data: the real players behind multi-millionaire foundations.
For decades, Liechtenstein has offered a financial oasis to great fortunes. Political stability, entities specialising in private banking and favourable rules for managing their wealth. But above all, this small country situated between Switzerland and Austria offered the promise of discretion and the possibility of sheltering money under a legal structure without the name of its owner being visible to the public. But that promise has been shaken in recent days.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
