Pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), the Financial Market Authority (FMA) is entitled in individual cases to disclose to the general public by publication in the official gazette “Amtsblatt zur Wiener Zeitung”, or in any other official bulletin with nationwide circulation, the name of a company not entitled to carry out certain banking (Article 1 para. 1 no. 1 as well as Article 1 para. 1 no. 7 BWG).
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 28 February 2009, the FMA is exercising this right and warns against the conclusion of banking transactions requiring a licence with the following provider:
HSBC Dubai Trade Ltd
95 Wilton Road Suite 3
London SW1V1BZ
office(at)hsbc-dubai-trade.com
hsbc.dubai.trade(at)gmail.com
info(at)hsbc-dubai-trade.com
This provider does not possess a licence issued by the FMA to carry out certain banking transactions in Austria. The acceptance of third-party funds for management purposes or for deposit or to conduct trade on their own account or on the account of a third party is therefore prohibited.