Austria’s progress in strengthening measures to tackle money laundering and terrorist financing

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November 22 2018

As a result of Austria’s progress in strengthening their measures to fight money laundering and terrorist financing since their 2016 mutual evaluation report and their first follow-up progress report in December 2017, the FATF has re-rated the country on two additional Recommendations.

Austria has been in an enhanced follow-up process, following the adoption of the FATF mutual evaluation, which assessed the effectiveness of the country’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and the country’s compliance with the FATF Recommendations. In line with the FATF Procedures for mutual evaluations, Austria has reported back to the FATF on the action it has taken to strengthen its AML/CFT framework.