Amendment Of The Money Laundering And Terrorism Financing Risk Regulation

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

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997082/nderung-der-geldwscherei--und-terrorismusfinanzierungsrisiko-verordnung-.html

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371. 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. 117/2015, and 98d para 1 of the insurance supervision Act - VAG, BGBl. No. 569/1978, as last amended by Federal Law Gazette I no. 68/2015, 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. 107/2015, 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. Republic of the Union of Myanmar, 4. Republic of Yemen, 5. Islamic Republic of Pakistan, 6 Somali Republic and 7th Arab Republic Syria."

Ettl Kumpf Müller