Aggregated News From Investment Management Regulators

Betamarket UG (haftungsbeschränkt): BaFin issues cease and desist order to immediately stop and wind up unauthorized money remittance business


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Betamarket UG (haftungsbeschränkt) accepts funds on its own account mainly from private persons from Germany and other European countries for the sole purpose of transferring the funds to third parties, in particular to operators of non-licensed online trading platforms based abroad.

The administrative order is final.

Regulator Information

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