Erscheinung:23.09.2024 | Topic Unauthorised business, Consumer protection Fake Bank: BaFin warns consumers against offers on website conta-bank.com
The financial supervisory authority BaFin warns consumers against offers on website conta-bank.com Contrary to the presentation on the website, there is no bank in Germany under the name of Conta Bank. The company is not supervised by BaFin. There is also no cooperation with “Qonto (Olinda Bank)”. The Olinda Zweigniederlassung Deutschland does not cooperate with the unknown perpetrators.
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 required authorisation. Information on whether companies have been authorised 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.
