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Austria Consulting on Implementation of Fifth Anti-Money Laundering Directive

|Proposed Changes|Austria
Austria

Austria's Ministry of Finance has announced a draft bill for consultation on the implementation of the Fifth EU Anti-Money Laundering Directive. This includes measures to provide for:

  • The supervision of virtual currency service providers by the Financial Market Authority (FMA);
  • The establishment of enhanced due diligence on transactions and business relationships with high-risk third countrie…

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