BaFin Warns Consumers About The Websites digitalfinance.org.uk And exogroupltd.com

The operator of the website digitalfinance.org.uk simply refers to itself as “Digital Finance Online” without providing any information about its legal form. Two business addresses are listed on the website: one in London, United Kingdom, and another in Sydney, Australia. The operator claims to be registered with the British Financial Conduct Authority (FCA) in the United Kingdom. This is not the case.

The company number and business number listed on the website digitalfinance.org.uk belong to Turret Investments PTY LTD. This company is registered with the Australian Securities and Investments Commission (ASIC). The business documents available on the website digitalfinance.org.uk contain multiple references to the website turretinvestmentspty.com. BaFin has no evidence that Turret Investments PTY LTD is connected in any way with the website digitalfinance.org.uk or the services offered there. It can therefore be assumed that this is a case of identity theft.

The operator of the website exogroupltd.com also cannot be clearly identified. It refers to itself using the name “Exo Energy Group LTD” and lists two business addresses in London. In this cases, too, the business documents reference other companies or websites. According to information available to BaFin, these other companies have no business relationship with the operator of the website exogroupltd.com or any connection to the services offered there. It can be assumed that this is also a case of identity theft.

BaFin has also been made aware that the operators of the two websites work together and send each other customers.

Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).