Announcement: FMA imposes sanction against NOTARTREUHANDBANK AG for breaches of due diligence obligations for the prevention of money laundering and terrorist financing - FMA Österreich
Notartreuhandbank AG is a licensed Austrian bank subject to anti-money laundering supervision, and the enforcement action concerns its deposit-taking and customer relationship management obligations typical of retail banking operations.
Low confidence — REQUIRES HUMAN REVIEW. This is a compliance/enforcement action focused on AML/CFT procedures rather than investment services, asset management, or any child category that would trigger Investment Services inheritance.
Specialism
The update directly concerns a monetary fine imposed by the FMA on a named financial institution for identified AML/CTF breaches including failures in customer due diligence and transaction monitoring.
Mandatory inheritance: Financial Penalty is a child of Enforcement, so Enforcement must be raised as the secondary tag.
2026-03-18 07:55:42·msolomon@vixio.com
Meta Id
2975890
GUID
2f373d9be12bd650f1616e1030f60ba0
Pipeline Progress
🔄 Pipeline Journey
⏱
8s
total
✓
Queued07:55:33
+0s
✓
Metadata07:55:33
+0s
✓
S3 Content07:55:33
+0s
✓
Extracted07:55:33
+3s
✓
LLM Gen07:55:36
+5s
✓
Stored07:55:41
TITLE: Austria's Financial Market Authority Imposes Fine Against Notartreuhandbank AG for Anti-Money Laundering Breaches
BODY:
On March 17, 2026, the Austrian Financial Market Authority (FMA) imposed a fine of EUR 127,500 against Notartreuhandbank AG for breaches of anti-money laundering and counter-terrorism financing obligations.
The FMA determined that Notartreuhandbank AG failed to establish appropriate strategies, controls, and procedures for ongoing customer due diligence as required under the Financial Markets Anti-Money Laundering Act (FM-GwG). Specifically, the bank did not adequately monitor business relationships with customers or verify that transactions conducted during the course of the relationship aligned with the FMA's knowledge of the customer, its business activities, and risk profile. Where necessary, the bank also failed to adequately verify the source of customer funds. Additionally, the bank did not document this information in written form as required. The deficiencies identified were not proportionate to the bank's size and activity level.
The FMA's action reflects ongoing enforcement of anti-money laundering and counter-terrorism financing obligations for Austrian financial institutions. The penal order is not final, meaning Notartreuhandbank AG retains the right to appeal the decision.
**References:**
Austrian Financial Market Authority (FMA) announcement, March 17, 2026: https://www.fma.gv.at/en/