Erscheinung:20.07.2018 | Topic Unauthorised business Unique Global Consulting (PTY) Ltd., previously Unique Global Investment GmbH: BaFin orders the cessation and wind-up of unauthorised deposit business
In a notice dated 12 July 2018, BaFin ordered Unique Global Consulting (PTY) Ltd. domiciled in Johannesburg, South Africa, to cease and wind up its deposit business.
The company, which previously traded under the name Unique Global Investment GmbH, runs the website www.ugi.direct. On this website, the company advertises investment packages and guarantees the repayment of customers' invested funds using membership accounts. Unique Global Consulting (PTY) Ltd. is thereby conducting deposit business without the required authorisation from BaFin.
On its website, the company falsely claims that it is cooperating with BaFin and that it is making modifications on the basis of BaFin's requirements. Also false is the claim that the website is currently blocked pending approval from BaFin, and that customers should therefore use a different link temporarily. BaFin will not be approving the website.
By law, the notice from BaFin is immediately enforceable but not yet final.
