27-04-2003 14:39									#1
	Austria and money laundering Support Apolyton, buy Civilization III: Complete

I work in financial services, and I'm required to undertake regular training on investigating and reporting money laundering. One thing we have to watch out for are transactions linked with "high risk" nations.

Among the high-risk countries are the usual supects- warzones like Iraq and Afghanistan, banana republics with high corruption levels such as Nigeria and Angola, mafia states of the former USSR and dodgy Caribbean tax havens. However there was also Austria, which sticks out like a sore thumb in that company. It's only just come off the "high risk" list.

What's the story?

	27-04-2003 14:43									#2
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wasn't Austria an international pariah for a while for having a high profile fascist in public office?

	27-04-2003 14:48									#3
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Must be all those cuck... No, that's Switzerland. What comes out of Austria?

Hitler?

	27-04-2003 15:02									#4
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Maybe they just had legislation protecting the privacy of banking, like Swizterland.

	27-04-2003 15:16									#5
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Lichtenstein.

Europe is a complicated patchwork of different countries. I think, someone messed up Austria with Lichtenstein. Or just was tired to answering questions like:" where and what is Lichtenstein ?"

Those huge and famous countries like Monaco, Jersey, the Bahamas and Andorra.

	27-04-2003 16:31									#6
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I know the answer but am too tired to explain.

So roll on the Roland troll.

	27-04-2003 17:11									#7
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* Skanky Burns hits AH with a 2 by 4.

	27-04-2003 17:34									#8
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Ouch!

The problem is Austria's bank secrecy laws, which it is under intense pressure to change and probably will do so soon.

	28-04-2003 00:04									#9
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Yet Switzerland isn't considered high risk...

	28-04-2003 00:20									#10
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AND WILL NOT CHANGE ITS LAWS.

WE WILL NOT BEND UNDER FOREIGN (BIGOT) PRESSURE

First Bahamas and Jersey, than we may talk.

And we have bigger threats than wma's or nuclear weapons. We have records of money transfers.

	28-04-2003 00:23									#11
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quote: Originally posted by yago And we have bigger threats than wma's or nuclear weapons. We have records of money transfers.

That actually could deter foreign agression much more effciently than Saddam's chemical weapons
Btw, when do you join the EU already ?

	28-04-2003 01:37									#12
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NO WE WILL NOT JOIN YOU FASCIST COMMIE OCCUPANTS LONG LIVE THE SWISS EMPIRE.

	28-04-2003 01:39									#13
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Azazel is jealous coz Israel can't join the EU

	28-04-2003 01:41									#14
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Azazel... how can they be fascist commies? Isn't that kinda oxymoronic?

	28-04-2003 01:42									#15
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paradoxicalogical more like.

	28-04-2003 01:47									#16
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to the topic, if you're refering to OECD's TAFT team (I may have the acronyms wrong) the team to push laws to combat economic crime worldwide, then one thing that always gets the shorts in a bundle is anonimity of ownership of companies as well as not revealing tax information of foreigners to their home country. All of which can aid money laundrering. as well as certain other statures of companies. Dont know if AUstria is in that case, but lots of countries which are in the OECD's team "black list" are.

	28-04-2003 01:48									#17
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quote: Azazel is jealous coz Israel can't join the EU

I thought we were in europe.

	28-04-2003 02:02									#18
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quote: Originally posted by Azazel quote: Azazel is jealous coz Israel can't join the EU I thought we were in europe.

Nah, Europe is just a bunch of antisemits out to destroy Israel

	28-04-2003 02:04									#19
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now, now. Israelis, (inlcuding me!) just think that it's a shame that you let yourself die out, and be replaced by muslims.

	28-04-2003 02:15									#20
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But, we're getting sidetracked.

so, Austria.

	28-04-2003 03:37									#21
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quote: Originally posted by skywalker Azazel... how can they be fascist commies? Isn't that kinda oxymoronic?

Have you seen that Simpson chapter about nazi-commies figthing against the "Arnold Schwarzenegger"-like character?

	29-04-2003 02:21									#22
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Just like AH is saying, but AFAIK, the laws have already been changed or at least partially (I had to verify my savings last year) <-- "verify" is probably a bad terminology, I had to go to the bank and give them personal data.