AGP Executive Report
Last update: 3 hours agoCybersecurity & Finance: Liechtenstein’s beneficial ownership register (VwbP) suffered a major breach: hackers copied data tied to about 31,000 legal entities in late July, and the government says there’s no sign records were altered or deleted. Government Response: The register was shut to external users, and the crisis response has now expanded—four additional state financial systems were taken offline as a precaution, including the VAT e-portal, a judicial system, the central account register, and the main tax information portal, while authorities continue investigations and notify affected parties under EU data rules. Wealth-Transparency Pressure: The incident underlines the risk side of Europe’s push for ownership transparency, even as officials stress no financial data was accessed. Digital Assets Banking: Sygnum Bank appointed former VP Bank CEO Reto Marx as CEO for its Singapore business, reinforcing Liechtenstein’s broader role in the digital-asset regulatory map. Business & Economy Elsewhere: Switzerland’s wealth management sector stayed near the top in a new Avaloq index, while a UK tribunal ruling favored HMRC in a Bermudian tax case linked to management decisions from Britain.
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