Austria and money laundering

[Bugs ****ing Bunny]

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?

[Demerzel]

wasn't Austria an international pariah for a while for having a high profile fascist in public office?

[Stefu]

Must be all those cuck... No, that's Switzerland. What comes out of Austria?

Hitler?

[Seeker]

Maybe they just had legislation protecting the privacy of banking, like Swizterland.

[yago]

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.

[Alexander's Horse]

I know the answer but am too tired to explain.

So roll on the Roland troll.

[Skanky Burns]

/me hits AH with a 2 by 4.

[Alexander's Horse]

Ouch!

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

[Bugs ****ing Bunny]

Yet Switzerland isn't considered high risk...

[yago]

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.

[Spiffor]

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 ?

[Az]

NO WE WILL NOT JOIN YOU FASCIST COMMIE OCCUPANTS LONG LIVE THE SWISS EMPIRE.

[Bereta_Eder]

Azazel is jealous coz Israel can't join the EU

[Kuciwalker]

Azazel... how can they be fascist commies? Isn't that kinda oxymoronic?

[Bereta_Eder]

paradoxicalogical more like.