Prosecutor has declared war on OeNB subsidiary. The dispute between the Vienna Chief Public Prosecutor’s Office and the Austrian Mint seems to have no end in sight. The reason: a silver commemorative medal minted by the OeNB subsidiary, which was deemed “immoral” by the public prosecutor’s office is referred to.
In 2020, the Austrian Mint, a subsidiary of the Austrian National Bank (OeNB), had minted and advertised a commemorative silver medal. However, the sales price of 449 euros attracted the attention of the Vienna Chief Public Prosecutor’s Office. The latter classified the medal as “immoral” and sees the “peace” in jeopardy.
The OeNB subsidiary, on the other hand, defends the commemorative medal as an “artistically designed collector’s item”. The dispute between the two parties seems to be intensifying as the Austrian Mint chooses a confident appearance to fight the accusations of the prosecutor’s office. How the dispute will be resolved and what influence it will have on the way the OeNB subsidiary designs and markets medals and coins in the future remains to be seen.
Public Prosecutor Confronts OeNB Subsidiary: Peace in Danger
An upcoming confrontation between the Austrian prosecutor and a subsidiary of the Austrian National Bank could jeopardize peace in the financial industry. The prosecutor seeks to conduct an investigation against the subsidiary regarding alleged violations of anti-money laundering regulations.