Smart IT Global Limited: Bafin prohibits company from offering capital investments to the public
| Germany
Summary
On 9 April 2026, BaFin prohibited Smart IT Global Limited from offering several capital investments to the public. BaFin imposed the prohibition because the company had infringed the German Capital Investment Act (Vermögensanlagengesetz - VermAnlG). The capital investments include two forms of profit participation loans (under the product names “smart IT World” and “smart IT Sprinter”) as well as a product constituting an “other investment” under the VermAnlG that offers the prospect of asset...