Financial Market Authority Strengthens Fight Against Money Laundering

Business › n.a. ♦ Published: November 25, 2010; 14:02 ♦ (Vindobona)

The Austrian Financial Market Authority (FMA) wishes more on-site inspections and targeted action against international money laundering

The fight against money laundering is one of the new top priorities for the FMA. In the financial sector, the number of on-site audits is to be tripled by 2012. For this reason, the FMA is creating a special department of its own. This was announced by the Board Director Kurt Pribil. This way, the fight against international money laundering is to be rendered more…

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