German regulator flags suspected unlicensed investment activity using company name.
Germany’s financial regulator BaFin has issued a warning about the website turbon.co, which it suspects is offering financial, investment, and crypto asset services without authorisation under the name “Turbon”.
In a consumer alert dated 29 April 2025, BaFin said the website is allegedly operated by individuals claiming to be based in London, United Kingdom. The regulator warned that any entity offering financial or crypto-related services in Germany must be licensed under German law, and that “Turbon” is not authorised to do so.
Turbon AG, the German industrial group headquartered in Hattingen, North Rhine-Westphalia, responded with a corporate notice distancing itself from the website. It confirmed that neither it nor any of its subsidiaries has any connection to turbon.co or to any financial or crypto services. The use of its name, the company said, was unauthorised and unrelated to its activities.
With a history spanning over 60 years, Turbon AG operates as the management holding of a globally active group with around 530 employees. Its business is focused on electronics manufacturing, paper-based consumables, and managed print services.
The Turbon.Electrics/Electronics segment includes EMS, cable harnesses, and assembly operations, serving customers in Europe and North America. The Consumables segment, based in Dubai, supplies printed and secure paper products and acts as a regional distributor across the Middle East, Africa, and Southeast Asia. The Services segment provides managed print services and software-driven process consulting in Germany and North America.
BaFin’s warning is based on provisions in the German Banking Act and the Crypto Markets Supervision Act. Consumers are advised to consult BaFin’s company database to verify whether a firm is properly licensed.
