Erscheinung:12.12.2024 | Topic Consumer protection, Unauthorised business Identity theft: BaFin warns about the website trustinvx.com
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website trustinvx.com. According to information available to BaFin, the operator Trustinvx, allegedly based in Zurich, Switzerland, is providing financial and investment services on this website without the required authorisation. The company falsely claims to be part of HanseMerkur Trust AG, based in Hamburg, Germany, and HanseMerkur Trust Swiss AG, based in Zurich, Switzerland. There is no connection to these both companies.
Financial and investment services may only be offered in Germany with authorisation from BaFin. However, some companies offer these services without the required authorisation. Information on whether particular companies have been authorised 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.
