U.S. Sanctions Purge Continues With Second $1bn Fine
Less than one week after fining Standard Chartered $1.1bn over failures in its sanctions and …
Austria: Ministry of Finance Consults on Draft Law Transposing Provisions of 5th AMLD
On April 12, 2019, the Federal Ministry of Finance (Bundesministerim Finanzen – BMF) introduced a …
European Banks Raise Concerns Over PSD2 Fraud Reporting Burden
A group of European banks have signed a joint letter to authorities expressing concerns about …
Austria: Financial Market Authority Issues Circular on Internal Organisation for the Prevention of Money Laundering and Terrorist Financing
On March 19, 2019, the Financial Market Authority (FMA) issued Circular 01/2019 on internal organisation …
Austria: Financial Market Authority Reveals Its Priorities for 2019
On November 28, 2018, the Financial Market Authority (FMA) released its “Facts and Figures, Trends …
Austria: FATF Releases Second Enhanced Follow-Up Report – November 2018
On November 23, 2018, the Financial Action Task Force (FATF) published the second enhanced follow-up …
Novomatic Ordered To Pay €2.5m To Gambler Incapacitated By Slot Machines
An Austrian court has ordered one of the country’s biggest gambling operators to pay €2.5m …
Austria: 4th AMLD — Implementation Law Published in Official Gazette
Austria: Consultation on Data Protection Amendment Act 2018
The Austrian parliament has published a six-week public consultation on the federal act amending the …