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 countries; Improved cooperation between the FMA and other national and international authorities for the purposes of preventing money laundering and terrorist financing; Implementation of data quality assurance measures in the register of beneficial owners and additional legal penalties; and The introduction of public access to the...