BaFin News: Weltzins.de: BaFin is investigating because of the operation of business that requires a license
BaFin office building in Frankfurt am Main. Photo credit: CC0 (public domain)
According to Section 37 (4) of the German Banking Act (KWG), BaFin makes it clear that the operator of the weltzins.de website, allegedly based at Friedrich-Ebert-Anlage 36, 60325 Frankfurt am Main, does not have any permission under the KWG to conduct banking transactions or to provide services of financial services owns. The company is not supervised by BaFin.
Copyright: Federal Financial Supervisory Authority / www.bafin.de – (November 19, 2021)
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