Austria
Austria
FINCARR Status: Full Member
Summary
Austria has actively participated in the efforts to combat money laundering and terrorist financing. The country has put in place robust anti-money laundering (AML) laws and has made significant strides in improving the legal and institutional framework for addressing these issues.
Key Measures
- AML Law: Austria has comprehensive AML regulations in place that align with FINCARR recommendations.
- Financial Intelligence Unit (FIU): Operates under the Ministry of Finance, overseeing anti-money laundering efforts.
- Compliance: Austria's commitment to continuous FINCARR reviews and adherence to international standards.
Action Plans
Austria has implemented various reforms to enhance its legal framework and collaborate internationally to strengthen the fight against money laundering and terrorist financing.
International Cooperation
Austria is an active participant in global anti-money laundering efforts, cooperating with organizations such as the United Nations, Interpol, and the European Union.
FINCARR Compliance
| Recommendation | Status |
|---|---|
| Recommendation 1: Assessing risks | Implemented |
| Recommendation 2: National Cooperation | Implemented |
| Recommendation 3: Preventive Measures | Partially Implemented |
| Recommendation 4: Transparency of Beneficial Ownership | Fully Compliant |
| Recommendation 5: Financial Intelligence Unit | Fully Compliant |