Erscheinung:25.03.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about the website mgmpartner.de
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website mgmpartner.de. BaFin suspects the operators, who are allegedly domiciled in Sheridan, USA, of offering financial services on the website mgmpartner.de without the required authorisation. Specifically, they are offering brokerage services for term deposit investments, including at US banks.
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.
