Key Benefits:
517. Regulation of the Financial Market Supervisory Authority (FMA) amending the Money Laundering and Terrorism Finance Risk Regulation
On the basis of § 40b (1) of the Banking Act-BWG, BGBl. No. 532/1993, as last amended by the Federal Law BGBl. I n ° 35/2012, and Section 98d (1) of the Insurance Supervision Act-VAG, BGBl. No 569/1978, as last amended by the Federal Law BGBl. I n ° 54/2012, is assigned with the approval of the Federal Minister for Finance:
The Regulation of the Financial Markets Authority (FMA) on further cases of increased risk of money laundering or terrorism financing risk (Money Laundering and Terrorism Finance Risk Regulation-GTV), BGBl. II No 377/2011, as last amended by the BGBl Regulation. II No 299/2012, shall be amended as follows:
Section 2 (2) reads as follows:
" (2) States in which there is at least an increased risk of money laundering or terrorist financing
1. |
Islamic Republic of Iran, |
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2. |
Democratic People's Republic of Korea |
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3. |
Plurinational State of Bolivia, |
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4. |
Republic of Cuba, |
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5. |
Republic of Ecuador, |
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6. |
Democratic Federal Republic of Ethiopia, |
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7. |
Republic of Indonesia, |
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8. |
Republic of Kenya, |
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9. |
Republic of the Union of Myanmar, |
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10. |
Federal Republic of Nigeria, |
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11. |
Islamic Republic of Pakistan, |
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12. |
Democratic Republic of São Tomé and Príncipe, |
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13. |
Democratic Socialist Republic of Sri Lanka, |
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14. |
Arab Republic of Syria, |
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15. |
United Republic of Tanzania, |
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16. |
Kingdom of Thailand, |
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17. |
Republic of Turkey, |
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18. |
Socialist Republic of Vietnam, |
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19. |
Republic of Yemen and |
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20. |
Republic of Somalia. " |
Ettl Pribil