Germany’s financial regulator BaFin has issued a formal warning against Fintresor Vermögensverwaltung GmbH, which operates the websites fintresor.online and fintresor.net, for allegedly offering financial and cryptocurrency services without the required regulatory authorization.
- Regulatory Basis: Section 37(4) of the German Banking Act (KWG) and Section 10(7) of the Cryptocurrency Markets Supervision Act (KMAG)
- Services Offered: Banking transactions, financial services, securities services, crypto-asset services, and payment services
- Primary Warning: Operators lack required BaFin authorization
Under German law, any entity offering banking transactions, financial services, securities services, cryptocurrency-asset services, or payment services within Germany must obtain authorization from BaFin. The regulator maintains a publicly accessible database where consumers can verify whether a specific company holds a valid license. Fintresor does not appear on this approved list.
BaFin, working alongside the German Federal Criminal Police Office (BKA) and state criminal police offices, has emphasized the rising threat of internet-based financial fraud. The regulator urged consumers to conduct thorough due diligence before investing online and to remain vigilant in identifying potential fraud schemes at an early stage. Detailed guidance on recognizing financial fraud and protection measures is available on BaFin’s official website.
Consumers who suspect involvement with Fintresor or similar unlicensed operators are advised to contact BaFin directly. The warning underscores Germany’s heightened scrutiny of unauthorized financial service providers, particularly those operating in the cryptocurrency sector.
