BaFin Issues Multiple Warnings Against Unlicensed Financial Services and Identity Fraud

Germanys Federal Financial Supervisory Authority (BaFin) has issued a series of warnings targeting unregulated financial platforms and cases of identity fraud. These warnings serve as a reminder to investors to verify the legitimacy of any financial service provider before engaging in trading or investment activities.

1. Curran Investments Limited and curr-inv.com

BaFin warns against Curran Investments Limited, which operates the website curr-inv.com and claims to have an office in Manchester, UK. According to BaFin, the platform is offering financial, investment, and crypto-related services in Germany without proper authorization.

Under German law, any entity offering such services must be licensed by BaFin. curr-inv.com is not listed in BaFins official company database, indicating that the operator is acting unlawfully.

2. Email Scam Impersonating Walter Ludwig GmbH

BaFin has also flagged fraudulent bond offers sent from the email address info@walterludwig-gmbh.com. These offers falsely claim to be from Walter Ludwig GmbH Wertpapierhandelsbank, a legitimate firm that does not provide investment services to private clients.

BaFin clarified that this is a case of identity theft, and the website walterludwig-gmbh.com is not affiliated with the genuine company in any way.

3. Falkring-Invest.com

Another fraudulent website, falkring-invest.com, has come under scrutiny for offering unlicensed investment and crypto services. BaFin also noted that the platform falsely claims to be supervised by BaFin. This statement is factually incorrect, and the platform is not authorized to operate in Germany.

4. Sdiana.top and Fidelity Institut

BaFin warns about investment offers made via the sdiana.top website and WhatsApp groups claiming affiliation with “Fidelity Institut”. These operators are suspected of offering financial services without authorization and falsely impersonating the well-known Fidelity International (FIL Limited) and its affiliates.

BaFin emphasized that none of these offers come from the legitimate Fidelity entities, and this is a clear case of identity fraud.

Stay Safe: Verify Before You Trade

BaFin urges consumers to check whether a financial service provider is properly authorized before investing. You can verify a firm‘s status using BaFin’s official company database at www.bafin.de.

Unauthorized platforms pose serious risks, including loss of funds and lack of legal recourse. When in doubt, consult trusted databases such as WikiFX to ensure the legitimacy of brokers or platforms you plan to use.