Erscheinung:24.05.2019 | Topic Unauthorised business Queen World GmbH: BaFin orders the cessation and winding-up of unauthorised money remittance business.
In a notice dated 26 February 2019, BaFin ordered Queen World GmbH, Düsseldorf, to cease and wind up its unauthorised money remittance business immediately.
Queen World GmbH accepts funds from private persons into its business accounts and transfers these funds to various foreign accounts belonging to companies that are predominantly domiciled abroad. In doing so, Queen World GmbH is conducting money remittance business without the required authorisation from BaFin. At this stage of the investigations, BaFin assumes that the transferred funds are funds from customers of unlicensed online trading platforms, such as www.fxtrader.com.
The order is final.