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Recent changes
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 of VYNEX Trade WhatsApp Group Offers
Germany's financial regulator, BaFin, has issued a warning regarding VYNEX Trade, which is operating unauthorized financial and crypto-asset services through WhatsApp groups and the Lirunex Trading app. The warning highlights potential investment fraud and advises consumers to exercise extreme caution.
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 Warns of Unauthorized Financial Services by Mjolnex
Germany's financial regulator, BaFin, has issued a warning regarding the website mjolnex-ltd.com, operated by Mjolnex, which is allegedly offering unauthorized financial and crypto-asset services. The warning serves to alert consumers to potential fraudulent activities and to emphasize the requirement for BaFin authorization for such services.
BaFin Warns Mjolnex Offers Unauthorized Financial Services
Germany's Federal Financial Supervisory Authority (BaFin) has issued a warning against Mjolnex for allegedly offering financial, investment, and crypto asset services without the required authorization. The warning targets offers made on the website mjolnex-ltd(.)com.
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.
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 Against Unauthorised Prometheus Investment Alliance Offers
The German Financial Supervisory Authority (BaFin) has issued a warning against Prometheus Investment Alliance (PIA) for allegedly offering unauthorised financial and cryptoasset services. PIA is suspected of deceiving consumers through WhatsApp groups and a website, directing them to trade via the QVTcoinese-Pro app.
Chavez v. Friendly Wash IV et al - Civil Case Filing
A civil case, Chavez v. Friendly Wash IV et al, was filed on March 12, 2026, in the U.S. District Court for the Northern District of California. The case involves claims related to the Americans with Disabilities Act. The initial filing includes a complaint and proposed summons.
GSA Advances Coburn Gore, Maine Land Port of Entry Project
The U.S. General Services Administration (GSA) announced a milestone for the Coburn Gore, Maine Land Port of Entry expansion project. The Final Environmental Assessment with a Finding of No Significant Impact has been completed, clearing the way for the next phase of modernization. Construction is scheduled to begin in the summer of 2028.
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