{"id":43494,"date":"2023-03-17T15:00:00","date_gmt":"2023-03-17T14:00:00","guid":{"rendered":"https:\/\/www.fma.gv.at\/bekanntmachung-fma-verhaengt-sanktion-gegen-western-union-international-bank-gmbh-wegen-verletzung-von-vorschriften-in-zusammenhang-mit-erstellung-von-basisinformationsblaettern-fuer-verpackte-anlage\/"},"modified":"2024-07-10T16:55:18","modified_gmt":"2024-07-10T14:55:18","slug":"announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/","title":{"rendered":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs)"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p class=\"wp-block-paragraph\">The Austrian Financial Market Authority (FMA) hereby announces that it has imposed a fine of EUR 50,000 by means of a penal order by way of the accelerated conclusion of proceedings pursuant to Article&nbsp;22 para.&nbsp;2b of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbeh&ouml;rdengesetz against Western Union International Bank GmbH as a legal person for breaches against the PRIIP Regulation, the PRIIP Delegated Regulation and the PRIIP Enforcement Act, in particular due to the lack of appropriate processes regarding key information documents (PRIIP-KIDs) as well as the deficient presentation of the contents regarding key information documents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of PRIIP-KIDs<\/p>\n","protected":false},"author":28,"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-43494","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 Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - 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-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/\" \/>\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 Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of PRIIP-KIDs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-17T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T14:55:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Viktoria Gro\u00df\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Viktoria Gro\u00df\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/\"},\"author\":{\"name\":\"Viktoria Gro\u00df\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/4bb16c41a0e7aef27661464e637da7e5\"},\"headline\":\"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs)\",\"datePublished\":\"2023-03-17T14:00:00+00:00\",\"dateModified\":\"2024-07-10T14:55:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"articleSection\":[\"Sanction\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/\",\"name\":\"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"datePublished\":\"2023-03-17T14:00:00+00:00\",\"dateModified\":\"2024-07-10T14:55:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/4bb16c41a0e7aef27661464e637da7e5\",\"name\":\"Viktoria Gro\u00df\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g\",\"caption\":\"Viktoria Gro\u00df\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/","og_locale":"en_US","og_type":"article","og_title":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - FMA \u00d6sterreich","og_description":"FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of PRIIP-KIDs","og_url":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/","og_site_name":"FMA \u00d6sterreich","article_published_time":"2023-03-17T14:00:00+00:00","article_modified_time":"2024-07-10T14:55:18+00:00","og_image":[{"width":925,"height":524,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg","type":"image\/jpeg"}],"author":"Viktoria Gro\u00df","twitter_card":"summary_large_image","twitter_creator":"@FMA_AT","twitter_site":"@FMA_AT","twitter_misc":{"Written by":"Viktoria Gro\u00df","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/#article","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/"},"author":{"name":"Viktoria Gro\u00df","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/4bb16c41a0e7aef27661464e637da7e5"},"headline":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs)","datePublished":"2023-03-17T14:00:00+00:00","dateModified":"2024-07-10T14:55:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/"},"wordCount":131,"publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"articleSection":["Sanction"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/","url":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/","name":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs) - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"datePublished":"2023-03-17T14:00:00+00:00","dateModified":"2024-07-10T14:55:18+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/announcement-fma-imposes-sanction-against-western-union-international-bank-gmbh-for-a-breach-of-regulations-in-connection-with-the-drawing-up-of-key-information-documents-for-packaged-retail-and-insu\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"Announcement: FMA imposes sanction against Western Union International Bank GmbH for a breach of regulations in connection with the drawing up of key information documents for packaged retail and insurance-based investment products (PRIIP-KIDs)"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]},{"@type":"Person","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/4bb16c41a0e7aef27661464e637da7e5","name":"Viktoria Gro\u00df","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7961cf53ca96a1e27b4af6a6eb83b01b9d396ade74746c7fa515000de679a6c4?s=96&d=mm&r=g","caption":"Viktoria Gro\u00df"}}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":true,"date":"2028-02-21 13:04:00","action":"delete","newStatus":"draft","terms":[46],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/43494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=43494"}],"version-history":[{"count":4,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/43494\/revisions"}],"predecessor-version":[{"id":43500,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/43494\/revisions\/43500"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=43494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/categories?post=43494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/tags?post=43494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}