Pursuant to Article 4 para. 7 first sentence of the Austrian Banking Act (BWG; Bankwesengesetz), 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, provided that said person has given cause for such action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the person concerned.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 27 October 2016, the FMA informs that
Questra World Ltd.
with alleged business location in
24.5 Old Northern Highway
as well as
Paseo de la Castellana, 9
Tel/Fax: +3465 31 06 550, +3469 57 20 208
is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to conclude money-lending agreements on a commercial basis and to extend monetary loans on a commercial basis (lending business pursuant to Article 1 para. 1 no. 3 BWG).