Aggregated News From Investment Management Regulators

FMA imposes sanction against Bank Winter & Co AG for breaches against due diligence requirements for the preventation of money laundering and terrorist financing


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The Austrian Financial Market Authority (FMA) announces that it has imposed a fine of EUR 135,000.00 against Bank Winter & Co AG as a legal person by means of a penal order for breaches against the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz) for the omission of a suspicious activity report as well as the failure to determine and check all beneficial owners of a customer. The penal order is final.

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Regulator Information

Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria

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