MIL OSI Translation. Region: Germany / Deutschland –
Source: Federal Financial Supervisory Authority According to Section 37 (4) of the German Banking Act (KWG), BaFin clarifies that Geo Tec AG, St. Vincent and the Grenadines, does not have a license under the German Banking Act to conduct banking business or provide financial services. The company is not supervised by BaFin. Due to the content of its website genevacapitalgroup.com, facts justify the assumption that Geo Tec AG conducts unauthorized banking and financial services in the Federal Republic of Germany.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.