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…

or Log In

Fast News Search
Related News
Supervision of Banks: Austria and Russia Intensify Cooperation (October 18, 2010)
FMA publishes Q2 report on insurance industry (September 15, 2010)
FMA and OeNB Welcome the Basel III Agreement (September 14, 2010)
Russian Fund Accuses RZB of Money Laundering (September 14, 2010)
New FMA standards against money laundering (May 27, 2010)
Read More
Crime, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, FMA Financial Market Authority
Featured
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
See latest Vindobona Newsletter