Erscheinung:05.04.2024 | Topic Unauthorised business, Consumer protection Identity fraud: BaFin warns consumers about alleged FT-Global
The Federal Financial Supervisory Authority (BaFin) warns against offers from the alleged FT-Global. It is suspected that the unknown perpetrators are offering banking business and financial and investment services by telephone and currently via the website www.ft-global24.com without the required authorisation. They pretend to offer fixed-term deposit contracts and investments in shares. They give the impression that these are offers from First Trust Global Portfolios Management Limited, German Branch, Munich, which is supervised by BaFin. This is false. This is a case of identity fraud. There is also no connection with First Trust Global Portfolios Management Limited, Dublin, which is supervised by the Central Bank of Ireland.
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.
