BAFIN

BaFin Warns Against Unauthorized Services of obsidian-group.org

Germany's BaFin has issued a warning against the website obsidian-group.org for offering unauthorized financial, securities, and crypto-asset services. The operator claims registration with CySEC, but this cannot be confirmed. This website is similar to previously warned sites.

BaFin Eases Insurer Burdens via Location Promotion Act

Germany's BaFin has announced that the Location Promotion Act will ease burdens on insurers by reducing bureaucratic requirements. These measures, effective immediately, aim to reduce administrative effort for both companies and the supervisory authority.

BaFin Warns of Unauthorized Financial Services Websites

Germany's financial regulator, BaFin, has issued a warning regarding a large number of nearly identical websites offering unauthorized financial and crypto-asset services. These sites are not supervised by BaFin and lack proper legal information.

BaFin Warns of Gainorex Investment App Targeting Consumers

Germany's financial regulator, BaFin, has issued a warning regarding the Gainorex Investment App, which is allegedly luring consumers through a WhatsApp group. BaFin suspects the operators are conducting banking business and/or financial services without the required authorization.

BaFin Warns Mbspoint(.)com Offers Unauthorized Financial Services

The German financial regulator BaFin has issued a warning against the website mbspoint(.)com. BaFin suspects the operators are offering financial, securities, and crypto asset services without the required authorization, which is a violation of German law.

BaFin Warns Against MEX Exchange and MultiBank Group Offers

BaFin, Germany's financial regulator, has issued a warning against MEX Exchange and MultiBank Group for offering financial, investment, and crypto asset services without authorization. The entities falsely claim to be regulated by BaFin, operating on the website mexassetexchange(.)com.

BaFin Fines Raiffeisenbank-Volksbank Fresena eG

Germany's BaFin has fined Raiffeisenbank-Volksbank Fresena eG €22,500 for failing to implement adequate measures for proper reporting of payment accounts for the BaFin account comparison. The decision became legally binding on February 28, 2026.

BaFin Fines VR Bank Dreieich-Offenbach 18,000 Euros

Germany's BaFin has fined VR Bank Dreieich-Offenbach eG 18,000 Euros for failing to implement adequate measures for proper reporting of payment accounts for the BaFin account comparison. The decision became legally binding on February 12, 2026.

BaFin Warns Trade Republic Bank Customers of Social Engineering Fraud

Germany's BaFin has issued a warning to customers of Trade Republic Bank regarding social engineering fraud. Scammers are impersonating the bank to trick customers into transferring funds to external accounts or crypto wallets. BaFin advises customers to ignore such requests and contact the bank's official in-app support.

BaFin Audits Gerresheimer AG Financial Statements

Germany's BaFin has expanded an audit of Gerresheimer AG's 2023/24 financial statements and initiated a new audit of its interim financial statements as of May 31, 2025. The audits are investigating potential misstatements in risk assessments, asset impairment, revenue recognition, lease liabilities, and development costs.