Germany

On 17 April 2023, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on zooplus SE. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). zooplus SE failed to submit its accounting documents in full for the financial year 2021 for the...

On 17 April 2023, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on zooplus SE. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). zooplus SE failed to submit its consolidated accounting documents in full for the financial year 2021 for...

The Financial Supervisory Authority (BaFin) warns consumers about the websites www.crypto106.com, www.crypto128.com, www.crypto178.com and www.crypto198.com. BaFin has information that the operator, which is also conducting its activities in some cases under the names CRYPYO198 and CRYPYO, is offering financial and investment services without the required authorisation. Another website that...

Financial and investment services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this.

Financial and investment services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this.

Background information: As a rule, securities may be offered to the public in Germany only if a prospectus has been published. This prospectus must be approved by BaFin prior to publication.

Financial and investment services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this.

Life insurers have been using reinsurance contracts that include financing components for many years. In this way, the expected income is paid out early and losses can be avoided.

Transparency about all business relationships and financial transactions: the German Money Laundering Act (Geldwäschegesetz – GwG) requires many players in the financial sector to ensure this.

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Blackfort Tech Estonia OÜ and the services it is offering.

SCHNIGGE Capital Markets SE failed to publish its half-yearly financial reports for the financial years 2018 and 2021.

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) warns consumers about the company InvestOFund and the services it is offering.