{"id":35752047,"date":"2026-05-05T12:00:00","date_gmt":"2026-05-05T10:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/?p=35752047"},"modified":"2026-05-05T13:23:22","modified_gmt":"2026-05-05T11:23:22","slug":"announcement-fma-imposes-sanction-upon-sparkasse-oberosterreich-bank-ag-for-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-upon-sparkasse-oberosterreich-bank-ag-for-breach-of-due-diligence-obligations-for-the-prevention-of-money-laundering-and-terrorist-financing\/","title":{"rendered":"Announcement: FMA imposes sanction upon Sparkasse Ober\u00f6sterreich Bank AG for 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 on Sparkasse Ober&ouml;sterreich Bank 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). These breaches specifically related to the drawing-up of policies and procedures for ensuring that the obligation to take appropriate actions to understand the customer&rsquo;s ownership and control structure was observed, as well as drawing up such strategies in written form, applying them on an ongoing basis and checking that the duty to regularly update all information, data and documents required under the FM-GwG was duly observed. The penal order is final.<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction upon Sparkasse Ober\u00f6sterreich Bank AG for 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-35752047","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 upon Sparkasse Ober\u00f6sterreich Bank AG for 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-upon-sparkasse-oberosterreich-bank-ag-for-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 upon Sparkasse Ober\u00f6sterreich Bank AG for breach of due diligence obligations for the prevention of money laundering and terrorist financing - 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