BaFin - Navigation & Service

Go to:

Erscheinung:03.06.2020 | Topic Unauthorised business Arveras UG (haftungsbeschränkt), Berlin: BaFin issues cease and desist order to immediately stop and wind up unauthor-ized money remittance business

As of 16 April 2020, BaFin issued a cease and desist order to Arveras UG (haftungsbeschränkt), Berlin, to stop and wind up the unauthorized money remittance business immediately.

Arveras 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.

The administrative order is final.

Additional information

More on this topic

Did you find this article helpful?

We appreciate your feedback

Your feedback helps us to continuously improve the website and to keep it up to date. If you have any questions and would like us to contact you, please use our contact form. Please send any disclosures about actual or suspected violations of supervisory provisions to our contact point for whistleblowers.

We appreciate your feedback

* Mandatory field