Erscheinung:09.09.2024 | Topic Unauthorised business, Consumer protection ufgis.com: BaFin warns against offers from U.F.G.I.S. Trading Ltd., Leipzig
The financial supervisory authority BaFin warns against offers on the ufgis.com website. The financial supervisory authority BaFin warns against offers from U.F.G.I.S. Trading Ltd., allegedly based in Leipzig, which is making exchange offers for ‘toxic’ shares. Other investment services are offered on the ufgis.com website. BaFin has not issued a licence for this. According to current knowledge, identity fraud to the detriment of the companies named in the legal notice is likely. U.F.G.I.S. Trading Ltd, Cyprus, was dissolved in 2013.
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.
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.
