October 22 2019
Last year, fewer money laundering suspected cases at the Federal Criminal Police Office (BKA) arrived, but there was an increase in the final convictions for this fact. The vast majority of reports were made by banks. Almost € 10 million has been secured across Austria on suspicious transaction reports, according to the new money laundering report.
The number of suspected money laundering reports fell by 8.5 percent from 3,820 to 3,494 in 2018. In 2,744 cases, these were specific money laundering suspicious transaction reports – the rest resulted from international correspondence, requests for assistance, passbook legitimizations or anonymous private ads. 2,710 of the suspicious transaction reports received – or 97.55 percent – came from banks, the other reports were made by lawyers, notaries or insurance companies.
