HALISTER1: Austrian Money Laundering Controls Scrutinized, Standard Reports

Austrian Money Laundering Controls Scrutinized, Standard Reports

(Bloomberg) -- Financial Action Task Force will recommend Austria improve money laundering controls at June 22-24 meeting in South Korea, Der Standard newspaper reports, citing advance copy of FATF report dated May 10.
  • Large financial sector, proximity to eastern Europe make country potential conduit for money laundering: report
  • Austria bank secrecy, tax treatment for foundations come under review: report
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Source: BFW (Bloomberg First Word)

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