Sanktionengesetz 2024; FATF-Prüfungsanpassungsgesetz 2024

This legislative package updates Austrian law to implement new sanctions regimes and align national financial oversight with the standards set by the Financial Action Task Force (FATF). It aims to strengthen the country's ability to respond to international political developments and prevent financial crimes. The changes affect financial institutions, credit providers, and security agencies. These entities will face updated compliance requirements regarding international sanctions and anti-money laundering protocols to ensure national security and financial integrity.