Amendment Of The Money Laundering And Terrorism Financing Risk Regulation

Original Language Title: Änderung der Geldwäscherei- und Terrorismusfinanzierungsrisiko-Verordnung

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2014_II_94/BGBLA_2014_II_94.html

94. Regulation of the financial market authority (FMA), which amends the money laundering and terrorism financing risk regulation

On the basis of § 40b para. 1 of the law on banking - Banking Act, Federal Law Gazette No. 532/1993, as last amended by Federal Law Gazette I no. 13/2014, and 98d para 1 of the insurance supervision Act - VAG, BGBl. No. 569/1978, as last amended by Federal Law Gazette I no. 13/2014, is with the consent of the Federal Minister of finance prescribed:

The regulation of the financial market authority (FMA) on further cases of increased money laundering or terrorism financing risk (money laundering and terrorism financing risk regulation - GTV), Federal Law Gazette II No. 377/2011, as last amended by regulation Federal Law Gazette II No. 485/2013, is amended as follows:

Section 2, paragraph 2 reads:

"(2) States that in any case where an increased risk of money laundering or terrorism financing, are 1 Islamic Republic of Iran, 2. Democratic People's Republic of Korea, 3. Democratic People's Republic Algeria, 4. Republic of Ecuador, 5. Democratic Federal Republic of Ethiopia, 6 Indonesia, 7 Republic of the Union of Myanmar, 8 Islamic Republic of Pakistan, 9 Arab Republic Syria, 10 Republic of Turkey, 11 Republic of Yemen and 12 Somali Republic."

Ettl Kumpf Müller