Erscheinung:01.04.2020 | Topic Unauthorised business Cosmo Trading UG (haftungsbeschränkt), Berlin: BaFin issues cease and desist order to immediately stop unauthorized money remittance business
As of 8 January 2020, BaFin issued a cease and desist order to Cosmo Trading UG (haftungsbeschränkt), Berlin, to stop the unauthorized money remittance business immediately.
Cosmo Trading UG (haftungsbeschränkt) accepts funds from private persons on its own accounts for the sole purpose of transferring these funds to mainly foreign accounts of companies based abroad. Among these companies are the owners of unlicensed trading platforms as www.fibonetix.com and olympusmarkets.com.
The administrative order is final.