AGP Executive Report
Last update: 7 hours agoCybersecurity in Finance: Liechtenstein says a cyberattack hit its Register of Beneficial Owners (VwbP), stealing data tied to about 31,000 people behind companies, foundations and trusts; the government suspended online access, took the system offline after irregularities were found on 30 July, and reported no ransom demand or signs of data being altered or deleted. Privacy vs. Transparency: A broader debate is resurfacing across wealth and compliance ecosystems as beneficial-ownership registers and other government databases become high-value targets, raising questions for tax authorities and financial firms about how to balance openness with security. Life Sciences Deal: IMPACT Therapeutics and Pharmanovia signed an exclusive licensing agreement for senaparib, expanding maintenance monotherapy rights across 66 countries, including Liechtenstein, with potential payments up to €423.5m. Digital Wealth Benchmark: Avaloq’s Wealth Management Index ranks Switzerland fifth globally, highlighting strong regulation and market fundamentals while pointing to gaps in digital adoption—relevant context for Liechtenstein’s finance-facing competitiveness.
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