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, 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.<\/p>
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” of 17 May 2017, the FMA hereby informs, that<\/p>
QARIBANK<\/strong> and<\/p> WORLD Global Finances<\/strong> are not entitled to carry out banking transactions in Austria that require a licence. The providers are 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).<\/p>\n","protected":false},"excerpt":{"rendered":" The FMA warns investors against the conclusion of banking transactions requiring a licence with these providers.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[81],"tags":[],"class_list":["post-14094","post","type-post","status-publish","format-standard","hentry","category-warning"],"yoast_head":"\n
\nWith its registered address apparently in
\n33, Faubourg Saint Honoré
\nF-75116 Paris
\nTel: +33 7 56 89 48 40
\nEmail: contact@qari-online.com<\/p>
\nWith its registered address apparently in
\n25 Rue de Clauzel
\nF-75009 Paris
\nTel: +33 0640466044
\nE-mail: info@world-gf.com
\nworld-gf@hotmail.com<\/p>