Erscheinung:26.04.2021 | Topic Unauthorised business internationals-ma.de: BaFin launches investigation into International Markets Association
In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin informs the public that International Markets Association, registered office unknown, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not subject to BaFin’s supervision.
The contents of the website internationals-ma.de operated by International Markets Association and the top level domain “de”, which lead investors to believe that the products and services are being offered from Germany, give grounds to suspect that the company is conducting banking business/providing financial services in the Federal Republic of Germany without the required authorisation. A legal notice cannot be found on the website. The company’s registered office is unknown.
Under the KWG, authorisation is required in order to conduct banking business or provide financial services in Germany. Some companies do so without the necessary authorisation, however. Information on whether a certain company has been authorised by BaFin can be found in BaFin’s database of companies.
BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that anyone seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to avoid becoming the victim of fraud.
