HALISTER1: Raiffeisen CEO Would Welcome Stricter Offshore Banking Rules: RZ

Raiffeisen CEO Would Welcome Stricter Offshore Banking Rules: RZ

(Bloomberg) -- “I would be the first one to welcome that,” Raiffeisen Bank International CEO Karl Sevelda is cited as saying in co. newspaper Raiffeisen Zeitung.
  • Co. fully cooperates on FMA regulator’s probe into offshore business
  • FMA only recently reviewed Raiffeisen’s processes meant to avoid money laundering, which were judged “positively”
  • Co. also launches investigation of internal processes by Austrian, international experts to find potential weaknesses
  • Co. “naturally” follows rules on offshore transactions
  • NOTE: Earlier, Austrian Banker Resigns After Panama Liechtenstein Report
  • NOTE: April 4, Austria’s FMA Probes Raiffeisen, Hypo Vlbg on ‘Panama’ Cases
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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RBI AV (Raiffeisen Bank International AG)

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Karl Sevelda (Raiffeisen Bank International AG)

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