Amendment of the Regulation on Money Laundering and Terrorist Financing Risk (Geldwäscherei- und Terrorismusfinanzierungsrisiko-Verordnung – GTV)
The Anti-Money Laundering Measures and Financing regulation crafted by the Austrian Financial Market Authority was revised again with the public announcement of the Federal Law Gazette II 107/2015 on the 15th of May 2015. Indonesia was dropped of the Financial Action Task Force (FATF) black list. The § 2 Abs 2 Regulation was revised accordingly.
This amendment excludes Indonesia from the group of states known for “showing a higher risk of money laundering or financing of terrorism”.
The § 2 Abs 2 GTV is worded as follows:
„(2) Countries, where an increased risk of money laundering or terrorist financing exists in any case, are
1.Islamic Republic of Iran,
- Democratic People’s Republic of Korea,
3. People’s Republic of Algeria,
4.Republik of Ecuador,
- Republik of the Union of Myanmar,
- Federal Republic of Somalia und
7.Syrian Arab Republic.“
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