BaFin

Bafin issues cease and desist order against Fronter Decsision

BaFin cease-and-desist order against unauthorized payment processor Fronter Decision

Leave a Comment / BaFin, Regulators / By

Fronter Decision GmbH, registered in Offenbach, Germany, was entered into the commercial register in April 2019. The Ukrainian Nikitin Oleksiy was appointed as the sole managing director. In fact, many of the German money laundering companies have Ukrainian directors. As non-EU citizens, these are hardly legally enforceable. BaFin issued a cease-and-desist order against the company in November 2020, which is now final.

Regulator Warnings

Leave a Comment / BaFin, FCA UK, FMA AT / By

Broker Website Legal Entity Regulator British Bitcoin Profits https://marketing4you.tech/px4Mqn? not given FCA Ubrokers.com/Ubrokers www.ubrokers.com, www.ubrokers.com/eu Capital Securities S.A. FCA Mango Money Markets mangomoneymarkets.com Digital House Group Ltd | FCA Mycoinology www.mycoinology.com not given FCA 24Invest HTTPS://FINANCE-INTL.COM/ES/ CNMV Master Trading FX https://mastertradingfx.com CNMV

Bafin issues cease and desist order against MorganTrust and 10CryptoMarket scams

BaFin issues cease-and-desist orders against MorganTrust and 10CryptoMarket scams

Leave a Comment / BaFin, Finantsinspektsioon, FMA AT, Regulators / By

German BaFin has issued two cease-and-desist orders against two well-known scam operators – GreenRiver OÜ, the Estonian operator of the broker scams MorganTrust (www.morgantrust.eu), and the 10CryptoMarket (www.10cryptomarket.com) scam of the Joshua Group. The latter is a Ukrainian operated scam on the notorious PumaTS (Leverate) white-label provider against which several other regulators have already issued …

BaFin issues cease-and-desist orders against MorganTrust and 10CryptoMarket scams Read More »

BaFin issues cease-and-desist orders against MorganTrust and 10CryptoMarket scams

Leave a Comment / BaFin, Regulation / By

The German regulator BaFin has issued two cease-and-desist orders against two well-known scam operators – GreenRiver OÜ, the Estonian operator of the broker scams MorganTrust (www.morgantrust.eu), and the 10CryptoMarket (www.10cryptomarket.com) scam of the Joshua Group. The latter is a Ukrainian operated scam on the notorious PumaTS (Leverate) whitelabel provider against which several other regulators have already issued investor warnings.

BaFin employees traded with Grenke shares and derivates

BaFin employees traded with Grenke shares and derivatives

Leave a Comment / BaFin, Regulators / By

BaFin had already received criticism because, despite the numerous reports and negative reports and ongoing investigations, employees of the regulator were trading in shares and derivatives of the meanwhile collapsed Wirecard. According to information from the German Ministry of Finance, BaFin employees also traded in shares and derivatives at the German company Grenke AG, despite a BaFin special audit due to accusations of balance sheet manipulation and money laundering.

BaFin – Final Cease-and-Desist order against illegal payment processor Global Data Conduct

Leave a Comment / BaFin, Regulation / By

Germany is known in the international scam and cybercrime scene for its illegal payment processors. Scammers are fond of their exceptional bank wire services. The BaFin today announced that the Cease-and-Desist order issued in July 2020 against Global Data Conduct GmbH is final and conclusive. This illegal payment processor facilitated the broker scam TradesFX (www.tradesfx.com).