Erscheinung:14.03.2023 | Topic Consumer protection, Unauthorised business British company Deeland Investments Ltd. target of identity theft
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns that unknown perpetrators are fraudulently using the name of Deeland Investments Ltd., London, to conduct banking business and/or provide financial services in Germany without the required authorisation. Deeland Investments Ltd. has no connections whatsoever to the products and services being offered. This is a case of identity theft.
Background information:
Companies that conduct banking business or provide financial services in Germany require authorisation under the German Banking Act (Kreditwesengesetz – KWG). However, some companies operate without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.
The information provided by BaFin is based on section 37 (4) of the KWG.
