The Austrian Financial Market Authority (FMA), inter alia pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), may inform the general public that a particular natural or legal person (person) is not authorised to carry out certain banking transactions (Article 1 para. 1 BWG), where the said person has given cause for such an action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the affected party.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” on 27.02.2020, the FMA hereby informs that
Jubilee Ace
with its registered address apparently at
Sea Meadow House
Blackburne Highway
PO Box 116
Road Town, Tortola
British Virgin Islands
as well as
City Center Regus
Tower Business Centre, 2nd floor
Tower Street
Swatar BKR4013
Malta
Tel: +356 2546 6666
jubileeace.com
is not entitled to carry out banking transactions in Austria that require a licence. Therefore the acceptance of funds from other parties for the purpose of management is not allowed pursuant to Article 1 Para. 1 no. 1 first case BWG.