Erscheinung:12.02.2025 | Topic Unauthorised business, Consumer protection Involmo: BaFin warns about website involmo.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website involmo.com. According to information available to BaFin, the operator Involmo is providing financial and investment services on this website without the required authorisation. The operator claims to be licensed in the United Kingdom. This is not the case.
Anyone providing financial and 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.
BaFin is issuing this information on the basis of 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.
