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Announcement: FMA imposes sanction against the persons responsible of T-Mobile Austria GmbH for a breach of the Payment Services Act 2018 (ZaDiG 2018)

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The Austrian Financial Market Authority (FMA) announces that it has imposed fines of EUR 4,000 each against the persons responsible of T-Mobile Austria GmbH by means of penal orders by way of the accelerated conclusion of proceedings pursuant to Article 22 para. 2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz). In contravention of Article 9(2) of Regulation (EU) No 260/2012, T-Mobile Austria GmbH stated the Member State in which a payer was required to hold an account. The penal orders are final.