Fumasep FAA-3-PK-130 is considered the state-of-the-art among the different commercially available Anion Exchange Membranes (AEMs). It is produced by Fumatech GmbH as a cost-effective blend of polyetheretherketone (PEEK) and poly (phenylene oxide) (PPO) characterized by high hydroxyl ions conductivity, high thermal and chemical resistance, and high dimensional stability. Nevertheless, the chemical structure of the anion exchange sites and their contents were unknown so far.In this paper, we report a detailed structural characterization of Fumasep FAA-3-PK-130 to identify the material phase composition, the nature of the conducting moieties and their interactions with the adsorbed water molecules. A complete phase segregation between PPO and PEEK was found on a micrometric scale from 1H spin-lattice relaxation times and micro-ATR analysis. Multinuclear (1H, 13C, 19F) Solid-State NMR spectra, combined with nuclear spin relaxation measurements, allowed us to identify the anion exchange moiety with benzyl-ethyl-dimethylammonium. This is present as functionalizing group of PPO monomers with a functionalization degree of about 40 %. Moreover, the mobility of water absorbed in the membrane was studied by 2H Solid-State NMR on samples hydrated with deuterated water under controlled relative humidity: at low relative moisture, two different types of environments were found for water molecules, compatible with two types of water-ion clusters, one of which contains water molecules with a restricted mobility, limited to C2 jumps, due to strong interactions with ions.