Erscheinung:23.04.2025 | Topic Unauthorised business, Consumer protection BaFin warns consumers about website consorsglobal.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website consorsglobal.com. According to information available to BaFin, this website is being used to offer consumers financial, investment and cryptoasset services without the required authorisation.
The operators of the website refer to themselves only as ConsorsGlobal without stating the company’s legal form. They claim that the website is owned by the company Netming Limited. The contact addresses provided on the website are located in London, United Kingdom. It is also claimed that consorsglobal.com is authorised and regulated by an EU organisation referred to as the “Financial Certification Organization”. No such organisation exists.
In the past, BaFin has come across Netming Limited as the operator of the websites foxmngt.com and viennacapai.com, which have also been the subject of warnings by BaFin. A company named Netming Limited is registered with the UK’s Companies House. However, this company was dissolved in 2023.
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.
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 – 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.
