The Austrian Financial Market Authority (FMA) has enforced a coercive penalty against an obliged entity as defined in the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz) as the obliged entity failed to fully comply with the instruction by means of an administrative decision to establish legal compliance (appointment of a fit and proper active function holder (Deputy Anti-Money-Laundering Officer)).
The fine imposed by means of an administrative decision is not legally final.