Tag: Fronter Decision

BaFin cease-and-desist order against unauthorized payment processor Fronter Decision

BaFin Charlene Lensburg - December 15, 2020

Fronter Decision GmbH, registered in Offenbach, Germany, was entered into the commercial register in April 2019. The Ukrainian Nikitin Oleksiy was appointed as the sole managing director. In fact, many of the German money laundering companies have Ukrainian directors. As non-EU citizens, these are hardly legally enforceable. BaFin issued a cease-and-desist order against the company in November 2020, which is now final.

BaFin cease-and-desist order against unauthorized payment processor Fronter Decision

BaFin Charlene Lensburg - December 15, 2020

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