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Austria Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

The paper presents a report on Austria’s Observance of Standards and Codes for Financial Action Task Force Recommendations for Antimoney Laundering (AML)/Combating the Financing of Terrorism (AML/CFT). The Austrian authorities have designed and are implementing a comprehensive AML/CFT system, suppor...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Staff Country Reports
Subjects:
Revenue Administration
Public Finance & Taxation
Terrorism Financing
Crime
Legal Support In Revenue Administration
Illegal Behavior And The Enforcement Of Law
Taxation, Subsidies, And Revenue: General
Criminology
Terrorism, Armed Struggle
Crime & Criminology
Money Laundering
White-collar Crime
Anti-money Laundering And Combating The Financing Of Terrorism (aml/cft)
Crime > economic Aspects
Public Finance
Terrorism
Revenue
Corporate Crime
Austria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The paper presents a report on Austria’s Observance of Standards and Codes for Financial Action Task Force Recommendations for Antimoney Laundering (AML)/Combating the Financing of Terrorism (AML/CFT). The Austrian authorities have designed and are implementing a comprehensive AML/CFT system, supported by well-developed federal administrative and supervisory bodies, and active professional organizations. The supervisory system for financial institutions is generally sound and efficient. Licensing requirements and the regime of sanctions need to be strengthened, and additional resources should be allocated to supervisory bodies
Physical Description:15 pages
ISBN:9781451802498

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