Last Updated: 01/05/2025
This page provides information about the regulatory framework governing Crefo Factoring Westfalen GmbH as a financial services provider in Germany.
Crefo Factoring Westfalen GmbH operates under the supervision of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin), the integrated financial supervisor for Germany. As a regulated factoring institution, we are registered with BaFin under ID number 10123287.
Our operations comply with the following key regulations and laws:
As a financial institution, we are obligated to implement robust anti-money laundering (AML) and know-your-customer (KYC) procedures. These include client identification verification, risk assessment, transaction monitoring, and suspicious activity reporting. We maintain comprehensive documentation of all financial transactions in accordance with legal requirements.
We maintain a comprehensive risk management framework in compliance with regulatory requirements. This includes credit risk assessment, operational risk management, liquidity risk monitoring, and regular internal and external audits of our risk management systems.
Crefo Factoring Westfalen GmbH maintains adequate capital reserves in accordance with regulatory requirements. Our financial stability is regularly assessed through regulatory reporting and independently audited financial statements.
We adhere to all applicable client protection regulations, including transparency requirements for contractual terms, fee structures, and complaint handling procedures. All client communications and marketing materials comply with regulatory guidelines for clarity and fairness.
We fulfill all regulatory reporting obligations to BaFin and other relevant authorities in a timely and accurate manner. This includes financial statements, capital adequacy reports, suspicious activity reports, and other mandatory disclosures.
Crefo Factoring Westfalen GmbH is registered with the following authorities:
For regulatory inquiries or compliance-related matters, please contact us at:
We continuously monitor changes in the regulatory environment and promptly update our policies and procedures to ensure ongoing compliance. This regulatory information page is updated whenever significant regulatory changes occur that affect our operations.