Paraiba World Ltd. | FMA Österreich

Paraiba World Ltd.

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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 25.02.2020, the FMA hereby informs that

Paraiba World Ltd.

with its registered address apparently at

22/F Times Square Tower 2

1 Matheson Street,

Causeway Bay, Hong Kong

info@paraiba.world

https://paraiba.world

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 as deposits pursuant to Article 1 para. 1 no. 1 second case BWG is not allowed.