Topic Unauthorised business BaFin orders Questra World Global S.L. to cease its support to Atlantic Global Asset Management’s cross-border investment management activities

Date: 22.10.2018

In a notice dated 1 October 2018, BaFin ordered Questra World Global S.L., Madrid, Spain, to immediately cease activities through which the company is involved in Atlantic Global Asset Management’s unauthorised business.

Questra World Global S.L. provides services for the unauthorised company Atlantic Global Asset Management. These particularly involve the distribution and marketing of Atlantic Global Asset Management’s financial products.

BaFin has already ordered Atlantic Global Asset Management to cease its unauthorised cross-border activities.

The order is immediately enforceable but not yet final.

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