Pursuant to Article 4 para. 7 first sentence of the Bankwesengesetz (BWG; Banking 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 certain banking transactions, 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 31 March 2016, the FMA informs, that
Global Dynamic Investment
Hawo Holding Inc.
with alleged business location in
Building: Level 8, Cambridge House
Taikoo Place, 979 King’s Road
Island East, Hong Kong
as well as
Global Gateway 8, Rue de la Perle Providence
is not entitled to carry out banking transactions in Austria that require a licence. Therefore the acceptance of funds from other parties for administration or the purpose as deposits (deposit business) is not allowed pursuant to Article 1 Para. 1 Z 1 BWG.