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.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 16.05.2020, the FMA hereby informs, that
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Was instructed in an administrative decision dated 19.03.2020 to cease to conduct its unauthorised business of the conclusion of money-lending agreements and the extension of monetary loans pursuant to Article 1 para. 1 no. 3 BWG (lending business).