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Saturday 30 October 2010

Imposters!

Germany's financial services regulator made clear in no uncertain terms: banks and other financial institutions should beware of imposters! There's a website – or there was at the time of its warning – calling itself the Frankfurt Financial Supervisory Authority and claiming to be the most important supervisory body in the country. Well, BaFin, whose full name in German translates into the Federal Financial Supervisory Authority, says it, and not the imposter is in charge. BaFin didn't say, for understandable reasons, how to find the fake website.

Source document: The news release doesn't even urge readers to beware. That's selbstverständlich.

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