The Austrian Financial Market Authority published “Facts and Figures, Trends and Strategies 2021”, detailing its supervision and inspection priorities for the years 2021 to 2025.
The Austrian Financial Market Authority highlighted a rise in investment fraud schemes during the 2020 year.
Denmark drops charges against former Danske Bank managers, Lithuanian lenders escape U.S. probe into money laundering in the Baltics, and more, in the weekly roundup.
Dutch ruling exposes bank executives to criminal liability for AML lapses, former Goldman Sachs president refuses 1MDB clawback, and more, in this week’s roundup.
The Financial Market Authority of Austria imposed sanctions against the Austria-based financial institution for regulatory breaches, including due diligence, anti-money laundering, and counterterrorist financing obligations.
The Financial Market Authority of Austria announced that the Federal Administrative Court has confirmed the penal order issued by the regulator against the Vienna, Austria-based financial institution, which imposes a €500,000 for anti-money laundering and counterterrorist financing breaches.
|Compliant : 18||High : 0|
|Largely Compliant : 18||Substantial : 3|
|Partially Compliant : 4||Moderate : 6|
|Non-Compliant : 0||Low : 2|
Austria's technical compliance was re-rated in a Nov. 22, 2018 follow-up report.
|Rank : 109/141|
|Score : 4.38/10|
|Rank : 12/180|
|Score : 77/100|
|Rank : 36/133|
|Score : 56/100|