Sanction imposed against Raiffeisen Bank International AG for a breach of due diligence requirements for the prevention of money laundering and terrorist financing

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30 March 2018

The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 2,748,000.00 against Raiffeisen Bank International AG for inadequate checking of the identity of the beneficial owner and failure to regularly update the necessary documents, data and information required to be able to understand ownership and control structures with regard to high-risk customers in specific individual cases. The penal order is not final.