Erscheinung:19.01.2024 | Topic Unauthorised business, Consumer protection renovacapitalfinance.net: BaFin investigates Renova Capital Finance
The financial supervisory authority BaFin warns against offers from Renova Capital Finance. According to its findings, the company offers asset management, investment advice and fixed-interest investments on its website renovacapitalfinance.net without a license. The company is allegedly based in Bad Langensalza. Renova Capital Finance" is not supervised by BaFin.
Anyone offering banking, financial and investment services in Germany requires a license from BaFin. However, some companies offer such services without the required license. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
