BaFin, Germany’s Federal Financial Supervisory Authority, has issued a formal warning about the website marsh-ltd(.)com, which operators claim belongs to Marsh Securities Limited, allegedly based in London. The fraudulent site uses a registration number belonging to the legitimate Marsh Securities (UK) Limited, regulated by the FCA, but BaFin confirms the two entities have no connection whatsoever. The regulator suspects the case represents identity theft targeting the UK-registered firm.
- Fraudulent Entity: marsh-ltd(.)com, claiming to operate as Marsh Securities Limited
- Legitimate Company Impersonated: Marsh Securities (UK) Limited, registered with the FCA
- Services Offered: Financial, investment, and cryptoasset services
- Regulatory Requirement: All entities offering these services in Germany must obtain BaFin authorisation
Any company providing financial, investment, or cryptoasset services within Germany must obtain proper authorisation from BaFin. The regulator emphasises that certain operators continue to offer such services without the required licensing. Consumers and market participants can verify whether a specific firm holds valid BaFin authorisation by consulting the regulator’s official company database.
BaFin issued this warning under section 37(4) of the German Banking Act (KWG) and section 10(7) of the German Cryptomarkets Supervision Act (KMAG). The notice underscores the continued threat of identity theft and unauthorised financial service provision in the digital asset space.
