Erscheinung:09.02.2024 | Topic Unauthorised business, Consumer protection Identity fraud: BaFin warns against alleged Allianz Invest
The financial supervisory authority BaFin warns against offers from the alleged Allianz Invest. It is suspected that the as yet unknown perpetrators are offering consumers banking transactions and financial or investment services without authorization. They pretend to offer fixed-term deposit contracts and investments in crypto assets or shares. They give the impression that they are Allianz Global Investors GmbH, which is supervised by BaFin. This is false. This is a case of identity fraud. There is also no connection with Allianz Invest Kapitalanlagegesellschaft mbH, Vienna, which is supervised by the Austrian Financial Market Authority (FMA).
Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services 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 German Banking Act (Kreditwesengesetz – KWG).
Please be aware:
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.
