2.7 C
New York
Tuesday, March 24, 2026
spot_img

Tag: Eurocity

Update On Eurocity: The Secretive Turkish-Controlled ‘No Longer Bank’ And Its Connections!

FinTelegram Charlene Lensburg -
We recently reported that the European Central Bank(ECB) had revoked the license of the small Turkish-controlled German Eurocity bank. The ECB confirmed this to Finanz Szene. Neither the regulators ECB and BaFin nor Eurocity explained the reasons and background. The 2021 financial statements show that Eurocity has struggled with regulatory problems since 2020. BaFin then imposed a new business ban in 2021. The bank had a connection to the Austrian secret service.

Interesting: What’s Behind The Austrian Secret Service And The Eurocity Bank?

BaFin tamir -
Earlier today, we reported that the European Central Bank (ECB) had revoked the license of the BaFin-regulated Eurocity bank. Eurocity or the regulators have yet to make statements. Eurocity had until recently been under the control of Mustafa Sahin, a Turkish national. The interesting thing is that until June 2022, a former top official of the Austrian secret service sat on the bank's Supervisory Board. Here is what we found via the German language blog Wiener Zocker.

German Eurocity Lost Its Banking License Without Further Explanation!

BaFin Ben -
Frankfurt-based Eurocity AG (previously Eurocity Bank AG), a financial institution under Turkish-Austrian control, has apparently lost its banking license. A European Central Bank (ECB) spokesman said the institute's license had already been withdrawn in December 2022. This means that the bank can no longer conduct banking business in Germany. On 15 March 2023, the Eurocity website is still accessible. There is no official statement from Eurocity.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC