Third countries that have equivalent requirements in place for the prevention of using the financial system for the purposes of money laundering and terrorist financing as set out in the 3rd Money Laundering Directive, are granted certain simplified requirements by the legislator (e.g. those stipulated in Article 40 para. 8, Article 40a para. 7 and Article 41 para. 3b BWG or Article 132 para. 2 and Article 133 para. 5 VAG 2016).
The notification about third countries with equivalent requirements in relation to the combatting of money laundering and terrorist financing lists those third countries, for which this condition is satisfied. This list was last updated on 8 February 2012.
Pursuant to Article 40c para. 3 BWG, the FMA publishes a list of those payees to which funds transfers are possible who are exempt from the application of Article 5 of the Regulation on information on the payer accompanying transfers (Article 5 of Regulation (EG) No 1781/2006). This list is submitted by the Chamber of Professional Accountants and Tax Advisors to the FMA. This notification, in addition to the names of the organisations or associations themselves, also includes the names of the natural persons who ultimately control the organisations and associations.