Pursuant to Article 64 para. 9 of the Zahlungsdienstegesetz (ZaDiG, Payment Services Act) the Austrian Financial Market Authority (FMA) may disclose to the general public by publication on the Internet, in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other newspaper with nationwide circulation, that a particular natural or legal person (person) is not entitled to carry out payment services, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 08 March, the FMA informs, that
Financial Consulting World LTD
with alleged business location in
61-63 Lord Byron Street,
5th floor 6023 Larnaca
Tel: ++357 24020 528
Fax: +357 24023040
Company NO 083358
is not entitled to carry out payment services in Austria that require a licence. The provider is therefore not allowed to execute credit transfers including standing orders (payment transactions/credit transfer transactions) pursuant to Article 1 para. 2 no.2 lit c of the Payment Services Act (ZaDiG).