The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 1,600.00 by means of a penal order against the responsible representative of UniCredit Bank Austria AG 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, UniCredit Bank Austria AG stipulated to a customer in which Member State their reference account was required to be held. The penal order is final.
Announcement: FMA imposes sanction against the responsible representative of UniCredit Bank Austria AG for a breach against the Payment Services Act 2018 (ZaDiG 2018; Zahlungsdienstegesetz 2018)
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