Based on official observations in relation to the area of the prevention of money laundering and terrorist financing (AML/CFT) of a supervised institution based on the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz), the FMA has determined that the institution’s active function holders (AML Officer and their deputy) do not possess the required technical suitability and the institution has been instructed by means of an administrative decision to appoint a suitable person as defined in Article 23 para. 3 FM-GwG. The administrative decision is not legally final.