BaFin Flags Identity Misuse and Unauthorised Investment Offers Across Multiple Websites

Germany’s financial regulator, the Federal Financial Supervisory Authority, has issued a series of warnings concerning unauthorised financial services, identity misuse, and illegal investment offers linked to multiple websites and digital channels.

According to BaFin, several of the flagged platforms are operating without the required authorisation to provide financial, securities, or crypto-asset services in Germany. A recurring pattern involves “clone” operations falsely claiming links to legitimate firms. For example, the website festanlageprofi.net has no connection to REFI Real Estate Finance & Investment GmbH, while tanganyassetmanagement.com is not associated with Tangany GmbH. In both cases, BaFin identified clear instances of identity misuse.

The regulator also warned against offers distributed via the email address support@de-blockchain.com, which claims to assist with the recovery and transfer of crypto assets. Such services, if offered in Germany, require explicit regulatory approval.

In other cases, BaFin identified networks of websites presenting near-identical structures and services, including imperyx-group.com and site.personalcontrol-room.com, both suspected of offering unauthorised investment services. Similarly, platforms such as bsgate.eu and northwayholdinge.com appear to misuse corporate identities registered in the UK, falsely referencing unrelated or dissolved companies to create credibility.

BaFin further noted enforcement action against Smart IT Global Limited, prohibiting the public offering of several investment products due to the absence of an approved prospectus. Under German law, financial products cannot be marketed to the public without a BaFin-approved disclosure document.

The regulator reiterated that any entity offering financial or crypto-related services in Germany must obtain proper authorisation. Investors are strongly advised to verify providers through official registers and remain cautious of unsolicited offers, particularly those involving fixed-term deposits, crypto recovery services, or unusually high returns.