Erscheinung:06.06.2019 | Topic Unauthorised business Meridian Interstate Europe SL: BaFin orders the cessation and winding-up of cross-border deposit business
In a notice dated 23 May 2019, BaFin ordered Meridian Interstate Europe SL, Palma de Mallorca, Spain, to cease its cross-border deposit business immediately.
On its website at www.mib-europe.com and by means of telephone calls and advertisements in online magazines the company offers high-interest fixed-term deposits, among other things.
By law, the order is immediately enforceable but not yet final.