Erscheinung:13.08.2020, Stand:updated on 12.10.2020 | Topic Unauthorised business Global Data Conducting GmbH: BaFin issues cease and desist order to immediately stop and wind up unauthorized money remittance business
As of 21 July 2020, BaFin issued a cease and desist order to Global Data Conducting GmbH to stop and wind up the unauthorized money remittance business immediately.
Global Data Conducting GmbH 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 operators of unlicensed trading platforms as www.tradesfx.com.
The order is final and conclusive.