trending Market Intelligence /marketintelligence/en/news-insights/trending/NISsPJKyNTDkIWbJAHJPDw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Austrian court supports money laundering fine for Raiffeisen Bank International

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Austrian court supports money laundering fine for Raiffeisen Bank International

The Federal Administrative Court in Austria ruled in favor of the markets regulator for fining Raiffeisen Bank International AG €2.7 million over poor money laundering prevention methods, Reuters reported Aug. 5, citing Die Presse.

The bank was fined in 2018 by the Austrian Financial Market Authority over a breach of due diligence requirements for the prevention of money laundering and terrorist financing. The regulator had been investigating the bank since 2016 after it was cited in the "Panama Papers" leaks that detailed the use of tax havens.

An RBI spokesperson said the administrative court agreed with the regulator "that in a small number of isolated cases RBI did not fulfill its legal documentary obligations," according to the report.

The spokesperson said that the bank will appeal the decision before the country's top administrative court as it believes it complied with all legal requirements on anti-money laundering.