Erscheinung:22.11.2024, Stand:updated on 20.01.2025 | Topic Unauthorised business, Consumer protection Union Management Ltd.: BaFin warns consumers about the website swissmontwealth.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website swissmontwealth.com. BaFin has information that Union Management Ltd., St. Lucia, is providing financial and investment services on this website without the required authorisation.
The operators of the website refer to themselves as Swiss Mont Wealth. The "Terms and Conditions” indicate that Union Management Ltd. is the company responsible.
As BaFin has now become aware, Union Management Ltd. now operates the completely identical website swissmont-wealth.com.
Anyone 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 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.
