Erscheinung:11.06.2025 | Topic Unauthorised business, Consumer protection northcapitalinvest.com: BaFin warns consumers about website and identity fraud
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website northcapitalinvest.com. According to information available to BaFin, Northcapitalinvest Group Limited, Auckland, New Zealand, is providing financial, investment and cryptoasset services on this website without the required authorisation.
Contrary to the claims on the website, the operator is not regulated by BaFin. The link “licence” on the website takes visitors to a publication on the British Financial Conduct Authority’s (FCA) website regarding a company registered with the FCA. As far as BaFin is aware, no relationship exists between this company and the website northcapitalinvest.com or the services offered on this website. This is obviously a case of identity fraud.
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 warning 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.
