Topic Unauthorised business Hessen Finanzbank is an unauthorized institution

Date: 07.12.2017

The would-be “Hessen Finanzbank” offers banking business and financial services on the website and claims to be part of German „Spardagruppe”.

The company has no actual address in Germany. The internet domain registrant could not be reached by mail.

As a precaution the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) clarifies that “Hessen Finanzbank” does not hold a licence pursuant to the German Banking Act to conduct banking business or provide financial services. The company is not supervised by BaFin.

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