Austria is put to the test. The Financial Action Task Force (FATF) determines how we assume exactly with the fight against money laundering and terrorist financing. If the answers are not complete satisfaction, Austria threatens a billion dollar.
The international organization to combat money and terrorist financing brings Austria passes. It is not just about laws, but about their application. And with billions. What sounds like a bureaucratic process is a geopolitical stress test. In earlier exams, the FATF visit led to the abolition of anonymous savings books. But this time there is considerably more at stake.
The approaching damage: according to the Ministry of Finance calculations, around 76 billion euros. The outflow of capital can be 34 billion, investments of 13 billion collapse. It would be a disaster with long -term effect.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
