HALISTER1: Austria’s FMA Probes Raiffeisen, Hypo Vlbg on ‘Panama’ Cases

Austria’s FMA Probes Raiffeisen, Hypo Vlbg on ‘Panama’ Cases

(Bloomberg) -- Austrian FMA watchdog will probe offshore transactions by Raiffeisen Bank International, Hypo Vorarlberg, according to media reports, citing documents obtained by the International Consortium of Investigative Journalists, spokesman Klaus Grubelnik says by telephone.
  • FMA’s “on-site probe” to look at whether systems and procedures required to prevent money laundering were in place
  • FMA responsible for analyzing whether precautionary systems and procedures are in place, will report suspicious transactions to authorities
  • NOTE: Earlier, Raiffeisen Lent Ukraine President Petro Poroshenko’s Roshen Offshore-Backed Funds, public broadcaster ORF reports, citing documents
  • About 20 offshore co.s have accounts at Hypo Vorarlberg, ORF says, bank seeks to end most offshore business, VOL says, citing CEO
  • NOTE: NSN O53PUZ6KLVRB
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RBI AV (Raiffeisen Bank International AG)
7353954Z AV (Vorarlberger Landesbank-Holding)

People
Petro Poroshenko (Ukraine)

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