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Erscheinung:14.12.2020, Stand:updated on 14.01.2021 | Topic Unauthorised business Fronter Decision GmbH: BaFin issues cease and desist order to immediately stop and wind up unauthorized money remittance business

As of 17. November 2020, BaFin issued a cease and desist order to Fronter Decision GmbH to stop and wind up the unauthorized money remittance business immediately.

Fronter Decision GmbH accepts funds from private persons on its own accounts for the sole purpose of transferring these funds to foreign accounts of companies mainly based abroad.

The order is final and conclusive.

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