Erscheinung:21.09.2023 | Topic Consumer protection, Unauthorised business de-ksm.com: BaFin investigates DE-Krypto Security Management LTD
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website de-ksm.com. According to information available to BaFin, DE-Krypto Security Management LTD is providing financial and investment services on this website without the required authorisation. The company also uses the company name DE-KSM LTD.
According to the website, the company’s registered office is located in London, United Kingdom. In addition, the operator claims that it is certified by the Crypto Conduct Authority. The Crypto Conduct Authority, however, is neither a national nor a supranational official or legitimised supervisory authority. There are no indications that the operator is registered with the Companies House.
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 a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on 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.
