BaFin Issues Multiple Identity Fraud Warnings Against Unauthorised Investment Platforms

The Federal Financial Supervisory Authority (BaFin) has issued a series of consumer warnings concerning several websites offering financial, investment, and crypto asset services without the required authorisation in Germany.

In multiple cases, the regulator identified identity fraud, where unknown operators falsely claimed association with legitimate financial institutions.

Under German law, any entity conducting banking business or providing financial, investment, or crypto asset services in Germany must obtain prior authorisation from BaFin. Consumers can verify authorised firms through BaFin’s official company database.

The warnings are issued pursuant to section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG) and section 10 (7) of the German Cryptomarkets Supervision Act (Kryptomärkteaufsichtsgesetz – KMAG).

Below is the list of identified suspicious entities:

Name / Platform	Website	Screenshot
Trade Amlin Limited (claimed)	trade.amlin-limited(.)info
Personal Control Room	personalcontrol-room(.)com
WeisbergAdvisors LLC (claimed)	weisbergadvisors(.)inc weisbergadvisors(.)ai
KRF-MBH (claimed)	krf-mbh(.)com