Erscheinung:19.08.2024 | Topic Unauthorised business, Consumer protection groiki.com: BaFin investigates Groiki Germany GmbH
The Federal Financial Supervisory Authority (BaFin) warns consumers about services offered by the operator of the website groiki.com. BaFin has information that the company is offering financial services without the required authorisation. The company claims to be authorised with BaFin and misuses an authorisation number of a licensed institute. Groiki Germany GmbH is not supervised by BaFin and does not exist in the German Commercial Register (Handelsregister).
Financial services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required 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.
