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

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

    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.