Erscheinung:15.12.2021 | Topic Unauthorised business Trading platform wardenvc.com: BaFin investigates Mainserver Ltd
In accordance with section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG), BaFin would like to make clear that Mainserver Ltd, Marshall Islands, has not been granted authorisation under the KWG to conduct banking business or provide financial services. The company is not supervised by BaFin.
The information provided on the company’s website, wardenvc.com, gives reasonable grounds to suspect that Mainserver Ltd is conducting banking business and providing financial services in Germany without the required authorisation.
Under the KWG, authorisation is required to conduct banking business or provide financial services in Germany. However, some companies operate without the necessary authorisation. Information on whether a particular 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 consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.
