Banking is largely a matter of fragile trust between bank and customer and tight secrecy. According to this article on the recent tax haven privacy breach, The EU is using unlawful means to crack down on banking privacy. Panama remains one of the few real advocates for banking privacy. There is too much of the Panamanian work force involved in the banking system, and there would be too much at stake for an outside entity to attempt the same scheme as the Germans did to Lichtenstein.

Liechtenstein

Liechtenstein is the sixth-smallest independent nation in the world by land area. Liechtenstein is one of only two doubly landlocked countries in the world[10]—being a landlocked country wholly surrounded by other landlocked countries; the other is Uzbekistan. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995. Liechtenstein has no airport; the nearest large airport is Zürich.

International

The Germans have threatened to impose a tax on all monies going to Lichtenstein which is sort of an economic boycott that could violate international law which it appears the acquisition of the CD also violated. There may be some Germans who take the matter to court in their country and the Hague International Court and fight on this count but it probably will not happen. Recently, Liechtenstein has shown strong determination to prosecute any international money-laundering and worked to promote the country’s image as a legitimate financing center.

Company

Liechtenstein’s most recognizable international company and largest employer is Hilti, a manufacturer of concrete fastening systems. There are numerous music organizations such as the Liechtenstein Musical Company, the annual Guitar Days and the International Josef Gabriel Rheinberger Society; and two main theatres.