Erscheinung:31.03.2020 | Topic Unauthorised business Six Line has no authorisation under section 32 of the German Banking Act (Kreditwesengesetz – KWG)
BaFin hereby announces that it has not granted Six Line, allegedly domiciled in Nevis, the Caribbean, authorisation to conduct banking business or provide financial services in accordance with section 32 of the KWG. The company is not subject to supervision by BaFin.
The company falsely claims that it is a member of the Deposit Protection Fund of the Association of German Banks (Einlagensicherungsfonds des Bundesverbands deutscher Banken). This claim is not true.
Please note:
In accordance with section 4 (4) of the German Act Establishing the Federal Financial Supervisory Authority (Finanzdienstleistungsaufsichtsgesetz – FinDAG), BaFin performs its functions and exercises its powers exclusively in the public interest. Due to their statutory obligation of confidentiality, BaFin’s staff are not in a position to provide third parties with information regarding the progress and results of administrative proceedings.
However, there are ways in which you can support BaFin’s work: if you have any specific information about the offeror mentioned above – such as contract templates, e-mail addresses, telephone or fax numbers of contact persons or the offeror’s account details – please do not hesitate to get in touch with contact point for whistleblowers.
