The Austrian Financial Market Authority published its Facts and Figures, Trends and Strategies 2020 report, detailing trends concerning financial risks and crimes for the year, as well as the regulator’s strategy to counter such risks.
The Austrian Financial Market Authority released its annual report for the year 2018 to 2019, outlining the regulator’s oversight activities over financial institutions’ compliance with financial regulations as well as its goals to strengthen the financial market in light of the COVID-19 pandemic.
Banque de Commerce et de Placements fined in Luxembourg for AML lapses, Austria expands investigations into Commerzialbank, and more, in the weekly roundup.
Hong Kong fines Chinese securities broker for compliance lapses, New Zealand claims Hong Kong exchange breached AML rules, and more, in the midweek 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|