The Federal Financial Supervisory Authority (BaFin) has started investigations against the operator of the website www.ab-group.info – due to an “unfair job offer and unauthorized payment services”. The information available to BaFin justifies the assumption that the company provides unauthorized payment services in Germany.
BaFin clarifies in a press release that AB Group Online, based in Regensburg, does not have a license to provide payment services under the Payment Services Supervision Act (ZAG). The company, which claims to have set itself the task of “optimizing and adapting complex and lengthy corporate practices for end customers”, is not subject to the supervision of BaFin.
The AB Group Online advertises, among other things, work in the home office on the Internet. According to the information available, the recruited employees should open accounts with various credit institutions in their own name in order to test their identification procedures. According to information, these accounts would be closed after two weeks. In fact, these accounts would then be used to transfer funds. It cannot be ruled out that money laundering takes place via these accounts.
(mack)