Erscheinung:14.12.2018 | Topic Unauthorised business BaFin orders QW Lianora Swiss Consulting SA i.L. to cease its support to Five Winds Asset Management’s cross-border investment management activities
In a notice dated 4 December 2018, BaFin ordered QW Lianora Swiss Consulting SA i.L., Geneva, Switzerland, to immediately cease activities through which the company is involved in Five Winds Asset Management’s unauthorised business.
QW Lianora Swiss Consulting SA i.L. provides services for the unauthorised company Five Winds Asset Management. These particularly involve the distribution and marketing of Five Winds Asset Management’s financial products.
BaFin has already ordered Five Winds Asset Management to cease its unauthorised cross-border activities.
The order is immediately enforceable but not yet final.
