Austria Currency

Since 1997, the Superintendency of Banks and Other Financial Institutions (SBIF) has implemented controls to prevent and investigate money laundering including stricter customer identification requirements and the reporting of currency transactions and suspicious activity. These controls apply to all banks (commercial, investment, mortgage, private), savings and loan institutions, financial rental agencies, currency exchange houses, money remitters, money market funds, capitalization companies, and frontier foreign currency dealers. The institutions are also required to report currency transactions of more than U.S. $10,000 (or local currency equivalent), and suspicious transactions to a National Financial Intelligence Unit (UNIF) created in 1998 under the SBIF. The UNIF analyzes the suspicious activity reports and refers those deemed proper for further investigation to the appropriate enforcement authority, which could be the National Guard, Technical Judicial Police, or the Office of ... [Read More]

American Embassy Dar es Salaam

1 1 For updated information, please see the Tanzanian National website at http://www.tanzania.go.tz/index2E.html. 1 1 TRAVEL BY ROAD: Travel by land within Tanzania is very difficult due to poor 1 road conditions, frequent shortages of spare parts, and dangerous driving practices. Tanzania has a 50,000-kilometer road 1 network of which 40,000 kilometers are unpaved. During the rainy seasons (February-April and October-November), many of these 1 roads are impassable. Public transportation is often irregular and undependable; thefts occasionally occur on inter-city 1 buses and trains. Drivers should exercise extreme care and drive defensively, especially during rush hours, to reduce the possibility 1 of a motor vehicle accident. Think "left" at all times.1 To bring an automobile into Tanzania from a neighboring country, we strongly recommend the traveler obtain a valid 1 carnet, available ... [Read More]

THE MARSHALL PLAN (1947)

In considering the requirements for the rehabilitation of Europe thephysical loss of life, the visible destruction of cities, factories, mines,and railroads was correctly estimated, but it has become obvious duringrecent months that this visible destruction was probably less serious thanthe dislocation of the entire fabric of European economy. For the past10 years conditions have been highly abnormal. The feverish maintenanceof the war effort engulfed all aspects of national economics. Machineryhas fallen into disrepair or is entirely obsolete. Under the arbitraryand destructive Nazi rule, virtually every possible enterprise was gearedinto the German war machine. Long-standing commercial ties, private institutions,banks, insurance companies and shipping companies disappeared, throughthe loss of capital, absorption through nationalization or by simple destruction.In many countries, confidence in the local currency has been severely shaken.The breakdown of the business structure of Europ ... [Read More]

International Narcotics Control Strategy Reports

FINANCIAL CRIMES AND MONEY LAUNDERINGMONEY LAUNDERINGOVERVIEWIn 1992, the major trends affecting money laundering policy were: (1) further sophistication of money laundering practices; (2) greater investment of drug and other illicit proceeds into established businesses, both to conceal money movements and to capitalize on illicit profits; (3) the internationalization of money laundering networks whose operations involve an ever larger number of countries and territories, regardless of their importance as financial centers or as drug producing or transit countries; and (4) the intensified involvement of the Sicilian Mafia and other criminal organizations in Europe, Asia and the Western Hemisphere who comingle proceeds from many crimes to confound investigators, and are now acting as brokers for funds unrelated to their own trafficking activities. These trends have made it more difficult to differentiate between drug-related money laundering and other forms of illegal money m ... [Read More]

Tips for travelers to Tanzania - "Dar es Salaam, Tanzania"

1 1 For updated information, please see the Tanzanian National website at http://www.tanzania.go.tz/index2E.html. 1 1 TRAVEL BY ROAD: Travel by land within Tanzania is very difficult due to poor 1 road conditions, frequent shortages of spare parts, and dangerous driving practices. Tanzania has a 50,000-kilometer road 1 network of which 40,000 kilometers are unpaved. During the rainy seasons (February-April and October-November), many of these 1 roads are impassable. Public transportation is often irregular and undependable; thefts occasionally occur on inter-city 1 buses and trains. Drivers should exercise extreme care and drive defensively, especially during rush hours, to reduce the possibility 1 of a motor vehicle accident. Think "left" at all times.1 To bring an automobile into Tanzania from a neighboring country, we strongly recommend the traveler obtain a valid 1 carnet, available from most travel ... [Read More]

Austria

The Euro, a freely convertible currency, is the only legal tender in Austria. Use of the Euro shields investors from any exchange rate risk in the entire Euro-area, where the Euro is legal tender. The eleven other member countries of the European Monetary Union (EMU) are: Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. ... [Read More]

US Department Of State Post Report

The EU has no currency restrictions on the import of reasonable amounts of foreign currency. ...

Personnel leaving Vienna and returning to the United States, and desiring to import weapons into the U.S., should consult the Department of Homeland Security Customs Office in the Embassy concerning proper documentation and procedures. Currency, Banking, and Weights and MeasuresLast Updated:  12/5/2003 5:13 AM  ... [Read More]

Austria (02/05)

Austria became a member of the EU on January 1, 1995. Membership brought economic benefits and challenges and has drawn an influx of foreign investors. Austria also has made progress in generally increasing its international competitiveness. As a member of the Economic and Monetary Union (EMU), Austria has integrated its economy with those of other EU member countries, especially with Germany’s. On January 1, 1999, Austria introduced the new Euro currency for accounting purposes. ... [Read More]