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

Financial Market Authority Strengthens Fight Against Money Laundering / Picture: © FMA Österreichische Finanzmarktaufsicht

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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