meta_id 3412360

On August 18, 2026, Austria's Financial Market Authority (FMA) imposed an administrative penalty of €45,000 against Kurant GmbH for violations of anti-money laundering and counter-terrorism financing obligations. The FMA found that Kurant GmbH breached the Financial Market Money Laundering Act (FM-GwG) through deficiencies in its customer due diligence procedures. Specifically, the violations concerned the entity's strategies and procedures for applying due diligence obligations when conducting occasional transactions and when there existed suspicion or reasonable grounds to believe that customers were members of terrorist organisations or were objectively participating in transactions related to money laundering or terrorism financing. The penalty was issued through an accelerated procedure under Section 22(2b) of the Financial Market Authority Act (FMABG). The decision is final and binding. This enforcement action demonstrates the FMA's continued focus on ensuring that financial market participants maintain robust anti-money laundering and counter-terrorism financing controls, particularly regarding customer identification and transaction monitoring in high-risk scenarios. REFERENCES: Financial Market Authority (FMA). "FMA verhängt Sanktion gegen die Kurant GmbH wegen Verletzungen von Sorgfaltspflichten zur Verhinderung von Geldwäscherei und Terrorismusfinanzierung." August 18, 2026. https://www.fma.gv.at/