Erscheinung:12.11.2024 | Topic Unauthorised business, Consumer protection tetherex-marts.com: BaFin investigates website operator
The Federal Financial Supervisory Authority (BaFin) warns consumers about the website tetherex-marts.com. According to information available to BaFin, the operators are providing financial and investment services on this website without the required authorisation. The content of the website is almost identical to that of other dubious websites which have already been the subject of warnings by BaFin dated 12 September, 8 November and 17 November 2023.
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 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.
