Erscheinung:19.03.2025 | Topic Unauthorised business, Consumer protection Safefin GmbH: BaFin warns about the website safefin.org
The Federal Financial Supervisory Authority (BaFin) warns consumers about the offers on the website safefin.org. BaFin suspects the operator of the website Safefin GmbH from London, UK, of offering consumers banking business, financial and investment services without the required authorisation.
The company is misusing parts of the imprint of a licensed German capital management company. There is no connection between Safefin GmbH and the authorised COI Partners Deutschland GmbH.
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 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) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz).
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.
