09 January 2019

StronIT GmbH: BaFin orders the cessation of unauthorized payment services

As of 28 November 2018, BaFin ordered StronIT GmbH, Cologne, to cease and desist from conducting money remittance business.

StonIT GmbH accepts funds from private persons on its own accounts for the sole purpose of transferring these funds to mainly foreign accounts of companies situated abroad. Among these companies are the owners of unlicensed trading platforms as www.bluetrading.com.

By law, the order is immediately enforceable, but not yet final.

Source: BaFin

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