Erscheinung:15.07.2020 | Topic Unauthorised business Adler Group B.V. has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG)
BaFin hereby announces that it has not granted Adler Group B.V. authorisation to conduct banking business or provide financial services under section 32 of the KWG. The company allegedly operates branches in Kerkrade and Amsterdam, the Netherlands, Miami, USA, London, United Kingdom, and Berlin, Germany. The company is not subject to supervision by BaFin.
The German-language website “adler-group.nl” features an image of an eagle, which symbolises the German state, together with a circle of gold stars as a symbol for the EU; this gives the impression that the company has been authorised by financial supervisors in the Federal Republic of Germany and in the European Union.
However, this is not the case.
Please note:
In accordance with section 4 (4) of the German Act Establishing the Federal Financial Supervisory Authority (Finanzdienstleistungsaufsichtsgesetz – FinDAG), BaFin performs its functions and exercises its powers exclusively in the public interest. Due to their statutory obligation of confidentiality, BaFin’s staff are not in a position to provide third parties with information regarding the progress and results of administrative proceedings.
However, there are ways in which you can support BaFin’s work: if you have any specific information about the offeror mentioned above – such as contract templates, e-mail addresses, telephone or fax numbers of contact persons or the offeror’s account details – please do not hesitate to get in touch with contact point for whistleblowers.
