Money Laundering, Tax Offenses and Terrorist Financing on the Rise

More+More+ ♦ Published: November 4, 2021; 13:55 ♦ (Vindobona)

The Austrian Ministry of the Interior reported an increase in money laundering, tax offenses, and terrorist financing in 2020. Read more details about this disturbing trend and its causes.

As a result of suspicious activity reports or in connection with criminal offenses, around € 30.3 million in assets related to money laundering or terrorist financing were seized in 2020. / Picture: © Wikimedia Commons / Osama Shukir Muhammed Amin FRCP(Glasg), CC BY-SA 4.0

The Money Laundering Reporting Office of the Austrian Federal Criminal Police Office recorded an enormous increase in work in 2020, with a total of 5,027 files received. In previous years, this figure had been less than 4,000. …