Erscheinung:15.07.2025 | Topic Unauthorised business, Consumer protection schmitzonlineservices.com: BaFin warns against Schmitz Online Services
The Federal Financial Supervisory Authority (BaFin) warns against offers on the website schmitzonlineservices.com. It is suspected that the unknown operators of the website are conducting banking business without authorisation by offering online loans of various kinds. The company allegedly based in Ortenberg is not subject to BaFin supervision.
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 required authorisation. Information on whether companies have been authorised 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).
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.
You can view BaFin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraudsters on the financial market in the “Recognising financial fraud” section of our website.
