A fine of € 30,000 was imposed upon Kurt Üblacker for unauthorised deposit-taking business in an administrative decision dated 18.05.2022.
Pursuant to Article 22c para. 1 no. 2 of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz), the Austrian Financial Market Authority (FMA) may in imposing a sanction that has been imposed as a result of breaches of among other provisions Article 98 para. 1a of the Austrian Banking Act (BWG; Bankwesengesetz), disclose the name of the persons or entities upon whom a sanction has been imposed, as well as information about the sanction imposed.
The FMA therefore announces that a penal order with a fine of € 30,000 in total was imposed against Kurt Üblacker as person responsible at the time of the offence occurring of Üblacker Handels GmbH with its registered office in Winklarn, for a breach against Article 98 para. 1a BWG in conjunction with Article 1 para. 1 no. 1 first case BWG (receiving of funds from other parties for the purpose of management). The penal order is final.
Additional information dated 21.01.2026
Application to review the legality of the publication dated 08.06.2022 regarding Kurt Üblacker
With regard to the publication dated 08.06.2022 pursuant to Article 22c para. 1 no. 2 of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) regarding Kurt Üblacker on the website of the FMA and on the Federal Government’s Electronic Announcements and Information Platform (EVI; Elektronische Verlautbarungs- und Informationsplattform), Kurt Üblacker has submitted an application to review the legality of the publication pursuant to Article 22c no. 2 FMABG.
In such an event, the FMA shall also publish in the same manner about the initiation of such a procedure.
The FMA is therefore reviewing the legality of the publication dated 08.06.2022 in a procedure to be concluded by issuing an administrative decision.