Implementation of Fourth Anti-money Laundering Directive in Austria – what to expect

Banking & Finance

Following the Fourth Anti-money Laundering (AML) Directive coming into force, Austria transposed the directive into law through two major legislative acts. Stephan Schmalzl provides an overview of the effects and obligations arising from the implementation of the Fourth AML Directive – in particular, the due diligence that banks will have to undertake on prospective clients.

ILO-Newsletter, dd. 27 October 2017

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