Erscheinung:24.10.2024, Stand:updated on 28.11.2024 | Topic Unauthorised business, Consumer protection Websites investment-pte.com and investment-pte.org: BaFin warns about Investment PTE LTD and Performance Investment PTE LTD
The Federal Financial Supervisory Authority (BaFin) warns consumers about Investment PTE LTD and Performance Investment PTE LTD and the services they are offering. BaFin suspects these operators of the websites investment-pte.com and investment-pte.org of offering consumers financial and investment services without the required authorisation.
The operators of these websites appeal under the name Investment PTE LTD and Performance Investment PTE LTD. They claim to have their registered office in Singapore and to be regulated in St Vincent and the Grenadines. However, there is no supervision of the operator in this country.
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.
