BAFIN

BaFin Warns Consumers About Unauthorized MBS Point Website

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website mbspoint(.)com. BaFin suspects the operators of offering unauthorized financial, investment, and cryptoasset services in Germany.

Westfield Specialty International Registration for Cross-Border Services

BaFin has registered Westfield Specialty International (Europe) S.A. to conduct cross-border insurance services in Germany. The registration covers various insurance lines, including accident, sickness, and liability. This notice confirms the company's authorization to operate in the German market.

BaFin Notice on Cyber Insurance Fluctuation Reserves

The German Federal Financial Supervisory Authority (BaFin) has issued a regulatory notice regarding the formation of fluctuation reserves for standalone cyber insurance. This notice provides guidance on the requirements and implications for insurers offering cyber insurance products, based on industry data from 2020-2024.

BaFin Notice on Cyber Insurance Fluctuation Reserves

Germany's BaFin has issued a notice clarifying conditions for establishing fluctuation reserves for cyber insurance. The notice addresses how the separate profit and loss statement for cyber insurance, effective end of 2025, impacts reserve formation based on a seven-year observation period.

BaFin Warns Consumers About Unauthorized Website

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website europecapitalmarkets(.)com. BaFin has received information indicating that the operators are conducting banking business and/or financial services without the necessary authorization and are not supervised by BaFin.

BaFin Warns TGI AG Over Missing Prospectus for Investment Services

Germany's BaFin has issued a warning to TGI AG for allegedly offering capital investments without a required prospectus. The company is suspected of offering 'discounted gold purchases' to the public in Germany, which contravenes the German Capital Investment Act. BaFin is seeking information from the public regarding TGI AG's operations.

BaFin Warns Consumers About Unauthorized Investment Platforms

BaFin has issued a warning to consumers regarding a series of unauthorized online platforms operating under the slogan 'Invest and trade 300+'. These platforms are offering financial, investment, and cryptoasset services without the necessary authorization from BaFin, and some are engaging in identity theft of legitimate investment funds.

BaFin Warns of Unauthorized Investment Offers on WhatsApp

Germany's BaFin has issued a warning regarding unauthorized investment offers from Prometheus Investment Alliance (PIA) being promoted on WhatsApp. The firm allegedly operates without the necessary authorization to offer financial instruments and crypto-asset services, potentially engaging in investment fraud.

BaFin Warns novaprimemarks(.)ltd Over Unauthorized Crypto Services

Germany's financial regulator, BaFin, has issued a warning against novaprimemarks(.)ltd for offering unauthorized crypto services. The company is allegedly providing trading services for crypto assets, stocks, and commodities without the required BaFin license. Consumers are advised to exercise caution with online investments.

BaFin Warns Against VYNEX Trade Offers on WhatsApp

Germany's BaFin has issued a warning against VYNEX Trade, which is allegedly offering unauthorized financial and crypto-asset services via WhatsApp groups and the Lirunex Trading app. BaFin advises consumers to exercise extreme caution and verify authorization before investing.