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.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 31.10.2019, the FMA hereby informs that
LV Grow Markets / Arrow Capital Ltd
Tana Russet Plaza, Kumul Highway,
Port Vila, Vanuatu
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 (Article 1 para. 1 no. 1 first case BWG) is not allowed.