“BaFin” is the abbreviation for the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).
BaFin is the authority in Germany responsible for the supervision of the financial sector (in particular credit institutions, payment institutions, e-money institutions and investment service providers). As part of its responsibilities, BaFin takes action against companies carrying out activities without a licence for which a licence is required. BaFin grants the required licences and supervises companies that are under its supervision.