Erscheinung:11.01.2021 | Topic Unauthorised business Arenstrow GmbH, Berlin: BaFin issues cease and desist order to immediately stop unauthorized money remittance business
As of 1 September 2020, BaFin issued a cease and desist order to Arenstrow GmbH, Berlin, to stop the unauthorized money remit-tance business immediately.
Arenstrow 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.
The administrative order is final