Austria Will Restrict Bank Secrecy Laws on Securities, But Not Savings Accounts

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Friday, March 1, 1996
Author: 
Bruce Zagaris
Volume: 
12
Issue: 
3
88
Abstract: 
On February 13, 1996, Mr. Viktor Klima, Austrian finance minister, announced that Austria will amend its strict bank secrecy laws by abolishing anonymous securities trading on July 1, 1996 in order to bring Austrian policies and law in accordance with international law on anti-money laundering and insider trading...(more)