The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 60,000 against bank99 AG. The proceedings were concluded in an accelerated manner pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). The reason for the fine is due to breaches of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäsche-Gesetz). The breaches specifically related to the risk classification at customer level, identification and verification of the identity of payers of cash transfers as well as the collection of information about the original of funds used in cash transfers. The penal order is final.