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NEWS: Austria gets damning AML reports from Council of Europe

People walk down a shopping street amid the government reopening bigger shops as well as small businesses in a loosening of the second lockdown due to the coronavirus disease (COVID-19) outbreak, in Vienna, Austria December 7, 2020. REUTERS/Leonhard Foeger/File Photo

By PAUL O’DONOGHUE, Senior Correspondent

AUSTRIA has received two poor reports on AML reforms from GRECO (Group of States against Corruption), a key body in the Council of Europe.

The organization has published two reports looking at how Austria complies with international AML rules. The first was a follow up on a 2017 report which examined ways to prevent corruption “in respect of members of parliament, judges and prosecutors”.

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