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Rasterdesch GmbH: BaFin issues cease and desist order to immediately stop and wind up unauthorized money remittance business

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As of 08 Mai 2020, BaFin issued a cease and desist order to Rasterdesch GmbH, Augsburg, to stop and wind up the unauthorized money remittance business immediately.

Rasterdesch GmbH. accepts funds from private persons on its own accounts for the sole purpose of transferring these funds to mainly foreign accounts of private persons based abroad.

The administrative order is immediately effective and enforceable though it may still be subject to judicial review.

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