{"id":23805658,"date":"2025-12-19T11:00:00","date_gmt":"2025-12-19T10:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=23805658"},"modified":"2025-12-19T12:01:18","modified_gmt":"2025-12-19T11:01:18","slug":"announcement-fma-imposes-sanction-against-bank99-ag-for-a-breach-of-due-diligence-obligations-for-the-prevention-of-money-laundering-and-terrorist-financing","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-bank99-ag-for-a-breach-of-due-diligence-obligations-for-the-prevention-of-money-laundering-and-terrorist-financing\/","title":{"rendered":"Announcement: FMA imposes sanction against bank99 AG for a breach of due diligence obligations for the prevention of money laundering and terrorist financing"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) has imposed a fine of EUR 60,000 against bank99 AG. The proceedings were concluded in an accelerated manner pursuant to Article&nbsp;22 para.&nbsp;2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbeh&ouml;rdengesetz). The reason for the fine is due to breaches of the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldw&auml;sche-Gesetz). The breaches specifically related to the risk classification at customer level, identification and verification of the identity of payers of cash transfers as well as the collection of information about the original of funds used in cash transfers. The penal order is final.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction against bank99 AG for a breach of due diligence obligations for the prevention of money laundering and terrorist financing<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[85],"tags":[],"class_list":["post-23805658","post","type-post","status-publish","format-standard","hentry","category-sanction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcement: FMA imposes sanction against bank99 AG for a breach of due diligence obligations for the prevention of money laundering and terrorist financing - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-bank99-ag-for-a-breach-of-due-diligence-obligations-for-the-prevention-of-money-laundering-and-terrorist-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcement: FMA imposes sanction against bank99 AG for a breach of due diligence obligations for the prevention of money laundering and terrorist financing - 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