The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 105,000 against Coinfinity GmbH. 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 relate to the risk assessment at company level, employee training measures, as well as Coinfinity GmbH’s policies and procedures regarding the application of customer due diligence when conducting occasional transactions. The penal order is final.