Erscheinung:19.08.2024 | Topic Unauthorised business, Consumer protection versumtrading.com: BaFin warns consumers about Versum Trading LTD
The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered by Versum Trading LTD, which is purportedly domiciled in London, United Kingdom. BaFin suspects the company of offering financial and investment services on the website versumtrading.com without the required authorisation.
Anyone wishing to conduct banking business or provide 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 particular companies have been authorised by BaFin can be found in BaFin’s database of companies.
Theinformation 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.
