Erscheinung:05.03.2019 | Topic Unauthorised business Takeda Partners Ltd: BaFin orders the cessation and winding-up of deposit business
In an order dated 5 February 2019, BaFin prohibited Takeda Partners Ltd from conducting deposit business and ordered the immediate winding-up of such business.
Takeda Partners Ltd operates www.bancdm.io, a trading platform for shares, currencies, bonds, indices, commodities and ETFs. In this context, the company accepts funds from others as deposits or other unconditionally repayable funds from the public.
Takeda Partners Ltd is therefore conducting deposit business without the required authorisation from BaFin.
By law, the order is immediately enforceable but not yet final.
