Attention! The FMA warns investors against concluding transactions with:
YEM / YEM Foundation
With its registered address apparently in the United States of America and in the European Union.
Web: www.yem.foundation; www.truthaboutyem.com
This provider is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore not permitted to conduct the issuance and administration of payment instruments such as credit cards, banker’s drafts and traveller’s cheques on a commercial basis, with no limitation applicable to the term of crediting in the case of credit cards (Article 1 para. 1 no. 6 of the Austrian Banking Act (BWG; Bankwesengesetz).
The basis for this publication is Article 4 para. 7 BWG and was also published in the “Amtsblatt zur Wiener Zeitung” (The Official Gazette of the Wiener Zeitung) on 13.05.2023.