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


December 15 2017

As a result of Austria’s progress in strengthening its framework to tackle money laundering and terrorist financing since last year’s mutual evaluation, the FATF has re-rated the country on 10 of the 40 Recommendations.

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