Increased Risks Of Money Laundering Or Terrorist Financing To The Gewerbeordnung 1994 (2Nd Gtv Gewo 2015)

Original Language Title: Erhöhte Risiken der Geldwäsche oder Terrorismusfinanzierung nach der Gewerbeordnung 1994 (2. GTV-GewO 2015)

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2015_II_399/BGBLA_2015_II_399.html

399 Ordinance of the Federal Minister for science, research and industry about increased risks of money laundering or terrorist financing to the Gewerbeordnung 1994 (2nd GTV GewO 2015)

On the basis of § 365s para 5 of the GewO 1994, BGBl. No. 194/1994, as last amended by Federal Law Gazette I no. 81/2015, is prescribed:

Increased risk of money laundering or terrorist financing

1. (1) an increased risk of money laundering or terrorist financing is, if



1. the customer has his domicile or seat in one of the States listed in paragraph 2 or 2nd which has representation-authorised person domiciled or established in one of the States listed in paragraph 2 for the customer or 3rd has a person to which the customer maintains a substantial business relationship, their residence or seat in one of the States listed in paragraph 2 or 4 of the trustor or the beneficial owner of his domicile or seat in a in paragraph 2 has listed States or 5 an account handled the transaction, is decorated with a credit institution in one of the States listed in paragraph 2.

(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. Republic of the Union of Myanmar, 4. Republic of Yemen, 5. Islamic Republic of Pakistan, 6 Somali Republic, 7 Arab Republic Syria.

Entry into force

§ 2. This Regulation shall enter into force with expiration of the day of its announcement, at the same time the regulation of the Federal Minister for science, research and economy, increased risks of money laundering or terrorist financing to the Gewerbeordnung 1994 (GTV-GewO 2015), Federal Law Gazette II No. 103/2015, override.

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