Erscheinung:13.03.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the company Heiz Analytics
The Federal Financial Supervisory Authority (BaFin) warns consumers about services offered by the company Heiz Analytics, which claims to be based in Munich. BaFin suspects the unknown operators of the website heiz-analytics.com of offering consumers financial, investment and cryptoasset services without the required authorisation. The operators claim to be supervised by the European Financial Supervisory Authority. There is no such authority; BaFin has already issued a warning to this effect.
Anyone providing financial, investment or cryptoasset 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 (KWG) and Section 10 (7) of the German Crypto Markets Supervision Act (KMAG).
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.
