Erscheinung:27.02.2024 | Topic Unauthorised business, Consumer protection M.B.F. Management Limited: BaFin warns consumers about the website mbf-limited.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website mbf-limited. According to information available to BaFin, M.B.F. Management Limited is providing financial and investment services on this website without the required authorisation.
In the “Terms and Conditions”, reference is also made to an address in “Richardschester”, United Kingdom; however, no such town exists in the UK. On the website, the company claims to be licensed by supervisory authorities; these licenses could not be confirmed. In the course of its activities, M.B.F. Management Limited also sends customers fake notifications that are allegedly from BaFin.
Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been authorised 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.
