The Austrian Financial Market Authority (FMA), inter alia pursuant to Article 4 para. 7 of the Bankwesengesetz (BWG; Banking Act), may inform the general public that a particular natural or legal person (person) is not authorised to carry out certain banking transactions (Article 1 para. 1 BWG), where the said person has given cause for such an action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the affected party.
By publication in the official gazette “Amtsblatt zur Wiener Zeitung” on 25.06.2020, the FMA hereby informs that
GCG 24
(FM Consulting)
Suite 305, Griffith Corporate Centre,
Beachmont Box 1510, Kingstown,
St. Vincent & the Grenadines
Tel: +44 1772368050
Web: https://www.gcg24.com
E-Mail: [email protected]
is not entitled to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others (Article 1 para. 1 no. 7 BWG).
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