Featured Austria

Professional fraudsters arrested over bogus shops and EUR8 million scam

Police have nabbed scores of individuals they believe are partly responsible for over 20,000 fraudulent transactions worth over EUR8 million. The fraud was conducted by professional fraudsters, skilled in e-commerce fraud, who set up fake online shops and bought and sold credit card data on the dark web, said Europol. Read More

Austrian far-right leader wants EU’s Russian sanctions ended

Austria’s vice chancellor and leader of the country’s far-right Freedom Party called for ending the European Union’s sanctions against Russia, days before he meets Russian President Vladimir Putin during a trip to Vienna. Heinz-Christian Strache, whose pro-Moscow party is junior partner to Chancellor Sebastian Kurz’s conservatives, has said in… Read More

EU fails to agree new Iran sanctions as Trump deadline nears

The European Union failed to agree new sanctions against Iran on Monday amid Italy’s opposition and fears that punishing Tehran for its missile program and regional role would not stop U.S. President Donald Trump from abandoning a separate nuclear deal. Speaking on the sidelines of EU foreign ministers’ discussions in… Read More
8th April 2018
Raiffeisen Bank International AG (RBI) has been fined 2.75 million euros ($3.39 million) by Austria’s Financial Market Authority (FMA) for a breach of due diligence requirements for the prevention of money laundering and terrorist financing. The bank had been under investigation by FMA since 2016 after its name was mentioned… Read More
31st July 2017
Austria has said that pushing forward European and international measures to prevent profit shifting and international tax fraud will be a top priority for its presidency of the European Council in the second half of 2018. “The cross-border fight against tax fraud and tax avoidance is a top priority for… Read More
16th June 2017
Germany and Austria voiced sharp criticism Thursday of the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas. The United States Senate voted Wednesday to slap new sanctions on key sectors of Russia’s economy and individuals over its interference in the… Read More
24th February 2017
Austrian Chancellor Christian Kern called for a rethink on sanctions imposed on Russia, saying that the regime of penalties over Kremlin-backed incursions in Ukraine has failed to yield enough progress. Read More
16th February 2017
Corruption in government – from conflict of interest and trading in influence, to graft and bribes – is nothing new. But measures taken to effectively fight it are. We published a report this month, for example, which pointed out that in spite of the commendable progress made in recent years… Read More
16th November 2016
After India's Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) has now registered a money laundering case to probe the alleged payment of USD 5.7 million kickbacks in the 2008 Embraer aircraft deal. Read More
21st July 2016
Austria’s Justice Ministry is expected to announce corruption charges against the country’s former Finance Minister Karl-Heinz Grasser later today following a seven year investigation. Read More
28th June 2016
Brexit continues to have far-reaching consequences, among which is the potential for normalised relations with Russia. Austria is seeking a leading role in this push. EurActiv Germany reports. Read More
9th May 2016
A bilateral research initiative sees Germany and Austria funding the project which is focused on organized financial crime specifically committed with virtual currencies. Read More
15th April 2016
Austrian Finance Minister Hans Joerg Schelling will propose at the spring World Bank and International Monetary Fund meetings that a compulsory global company register be created to fight tax havens, he said in an interview published on Friday. Read More