Erscheinung:03.02.2025 | Topic Unauthorised business, Consumer protection finance-ig.com: BaFin investigates website operator
The Federal Financial Supervisory Authority (BaFin) is warning against the website finance-ig.com. According to the supervisory authority, financial and investment services as well as crypto-asset services are offered there without authorisation.
The website operator provides alleged business addresses in Rotherham, United Kingdom, and Toronto, Canada. He claims to be registered in Canada. The identical website financeig.proxy56.com can also be found on the internet. The content, structure and wording of both websites largely correspond to the website fintechmarket-consulting.com, which BaFin warned against as early as 6 November 2023.
Anyone offering banking transactions or financial and investment services or crypto-value services in Germany requires the permission of BaFin. However, some companies offer such services without having the necessary permission. Information on whether a particular company is authorised by BaFin can be found in the company database.
The information provided by BaFin is based on Section 37 (4) of the German Banking Act (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KWAG).’
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.
