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426. Regulation of the Federal Minister for Economic Affairs, Family and Youth on the increased risks of money laundering or terrorist financing in accordance with the Economic Scatter Act Law (GTV-WTBG)
On the basis of § 98e paragraph 1 of the Economic Scattering Trade Act, BGBl. I n ° 58/1999, as last amended by the Federal Law BGBl. I No 32/2012, shall be arranged:
Increased risk of money laundering or terrorist financing
§ 1. (1) There is an increased risk of money laundering or terrorist financing if:
1. |
the customer has his residence or registered office in one of the States listed in paragraph 2, or |
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2. |
the person authorised to represent the client is domicated or domicated in one of the States referred to in paragraph 2; or |
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3. |
a person to which the customer has an essential business relationship has his residence or registered office in one of the States listed in paragraph 2, or |
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4. |
the trustee or the beneficial owner has his residence or registered office in one of the States listed in paragraph 2, or |
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5. |
the transaction is carried out through an account set up at a credit institution in one of the countries listed in paragraph 2. |
(2) States where there is at least an increased risk of money laundering or terrorist financing are:
1. |
Islamic Republic of Iran, |
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2. |
Democratic People's Republic of Korea |
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3. |
Plurinational State of Bolivia, |
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4. |
Republic of Cuba, |
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5. |
Democratic Federal Republic of Ethiopia, |
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6. |
Republic of Ecuador, |
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7. |
Republic of Ghana, |
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8. |
Republic of Indonesia, |
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9. |
Republic of Yemen, |
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10. |
Republic of Kenya, |
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11. |
Republic of the Union of Myanmar, |
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12. |
Federal Republic of Nigeria, |
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13. |
Islamic Republic of Pakistan, |
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14. |
Democratic Republic of São Tomé and Príncipe, |
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15. |
Democratic Socialist Republic of Sri Lanka, |
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16. |
Arab Republic of Syria, |
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17. |
United Republic of Tanzania, |
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18. |
Kingdom of Thailand, |
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19. |
Republic of Turkey and |
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20. |
Socialist Republic of Vietnam. |
entry into force
§ 2. This Regulation shall enter into force at the end of the day of its operation.
Mitterlehner