Financial Crime Financial Crime

Raiffeisen Bank International faces Austrian money laundering probe

By Martin Coyle
  • 22 Feb 2024 12:36
  • 22 Feb 2024 12:36
Raiffeisen Bank International faces a money laundering probe by the Austrian Financial Market Authority, the lender disclosed today.
RBI said that the FMA had opened an investigation into suspected non-compliance with “know your customer” rules related to its correspondent banking business.

“The transactions relevant for the administrative proceedings had been processed

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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