Erscheinung:21.08.2024 | Topic Unauthorised business, Consumer protection Identity theft against Swiss Financial Services AG: BaFin expands its investigation
The Federal Financial Supervisory Authority (BaFin) has expanded its investigation into the case of identity theft against Swiss Financial Services AG. BaFin has ascertained that emails from the unknown perpetrators refer to the website swiss-financial.org. This is a clone of the website of Swiss Financial Services AG and is therefore a further instance of identity theft against Swiss Financial Services AG.
BaFin informed the public on 6 March 2024 that it is investigating this case.
Background information
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 necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
Theinformation 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.
