meta_id 2975890

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/