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Hrondotto UG (haftungsbeschränkt), Berlin: BaFin issues cease and desist order to immediately stop unauthorized money remittance business

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As of 9 March 2020, BaFin issued a cease and desist order to Hrondotto UG (haftungsbeschränkt), Berlin, to stop the unauthorized money remittance business immediately.

Hrondotto UG (haftungsbeschränkt) accepts funds from private persons on its own accounts for the sole purpose of transferring these funds to mainly foreign accounts of companies based abroad. Among these companies are the owners of unlicensed trading platforms as stsroyal.com.

The administrative order is final.

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