Anti-Money Laundering in Betting – Rules Tightening is a Sure Bet

From year to year, the state legislators have been steadily tightening the regulations for sports betting providers in Europe. In 2019, the European Commission's imminent infringement proceedings against Austria are a prime example of this trend. The betting industry is lagging behind in terms of requirements to counter money-laundering and terrorist financing, in the Commission's opinion, and that's about to change. Written by Raphael Toman & Tanja Schmid.

6. August 2019|

What to Look out for in the Amendment to the Austrian Economic Ownership Register Act

Since the adoption of the Economic Ownership Register Act ("WiEReg") in 2018, Austrian companies and other legal entities must notify their beneficial owners to the WE-Register. The fight against money laundering and the financing of terrorism, however, is already entering the next round. On 11 July 2019, the Austrian legislator has introduced a comprehensive package of measures to implement the 5th EU Money Laundering Directive (Directive (EU) 2018/843) which also envisages numerous changes to the law (EU Financial Adjustment Act 2019, BGBl I No. 62/2019). Written by Christopher Schrank & Hannes Schlager.

1. August 2019|

When are party donations punishable?

The Economic and Corruption Prosecutor's Office (WKStA) is currently investigating, among other things, managers who are said to have made major donations to affiliated associations. Many companies now ask themselves whether they could have been punished due to party donations. What you need to pay attention is explained by Christopher Schrank & Gregor Oberschmidleitner in this article.

16. July 2019|



Jahrestagung: Compliance 24.04.2018

Jahrestagung: Compliance Vortragende: Christopher Schrank Praxis-Update & Networking Aktueller Überblick über die Compliance-Landschaft Aktuelle Trends – Was die Kartellrechts-Compliance derzeit beschäftigt Verhalten des Compliance Officers bei Strafrechtsverstößen im Unternehmen Datenschutzgrundverordnung – unternehmerische Umsetzung in der Praxis DSGVO [...]

24. April 2018|
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