The FMA warns against offerings via WhatsApp groups by
FDmin
This provider is not authorised to provide banking transactions or securities transactions requiring a licence in Austria and therefore is not allowed to offer the brokering of loans (Article 1 para.1 no. 18 lit. b of the Austrian Banking Act (BWG; Bankwesengesetz)), investment advice (Article 3 para. 2 no. 1 of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018)), as well as the execution of orders on behalf of clients (Article 3 para. 2 no. 6 WAG 2018).
We advise that there is a risk of confusion with supervised providers. The basis for this publication is Article 4 para. 7 of the Austrian Banking Act (BWG; Bankwesengesetz) as well as Article 92 para. 11 of the Securities Supervision Act (WAG 2018; Wertpapieraufsichtsgesetz 2018).
Anyone providing banking services, and financial and securities services in Austria, requires the necessary authorisation or licence to do so from the Austrian Financial Market Authority (FMA). Some undertakings offer such services without holding the necessary authorisation. Information about whether a specific undertaking has been authorised/licensed by the FMA, can be found in the FMA Company Database.