Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

EU/Europe

Austrian anti-corruption authorities search home of country’s finance minister as gambling industry probe leads to the highest levels of government

The investigation is part of a wider probe that started with the 2019 Ibiza affair, or Ibiza-gate scandal, that led to the collapse of a previous coalition government between Kurz’s conservatives and the far-right Freedom Party then led by Heinz-Christian Strache.

By Vish Gain for AMLi

THE HOUSE of Austria’s finance minister was searched by federal anti-corruption authorities last week after his suspected involvement in a long and elaborate bribery scandal connected to the country’s powerful gambling industry.

Gernot Blümel, a close ally of Chancellor Sebastian Kurz, was named by the Office of the Prosecutor for Economic Affairs and Corruption (WKStA) as a suspect in the ongoing probe into the Austrian government’s questionable relationship with Novomatic, one of the world’s largest gambling companies.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!