Anti-Financial Crime & Financial Crime Compliance
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Financial Services

NEWS: Austrian regulators fine Raiffeisen for money laundering lapses

By John O’Donnell Austrian regulators fined Raiffeisen Bank International RBIV.VI for lapses in its money laundering controls, the country’s Financial Market Authority said on Friday, imposing a fine of just over 2 million euros ($2.1 million). The penalty, a record amount in Austria, was handed out after regulators found failings in RBI’s money laundering and terror financing…

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