Home · Team · Martin Fischer
Martin Fischer, European Compliance & Cross-Border Recovery Director at OnlineRefundee

Martin Fischer

European Compliance & Cross-Border Recovery Director
Berlin, Germany
15 years experience View on LinkedIn
€60M+
Cross-border recoveries co-ordinated
11 yrs
at BaFin consumer protection
7
Working languages

Background

Martin oversees OnlineRefundee's cross-border recovery strategy across continental Europe. He co-ordinates casework across the firm's Italian, Iberian, French, German-speaking and Benelux desks — ensuring that multi-jurisdictional cases (which now represent the majority of investment scam recoveries) are handled with a single senior point of accountability, not fragmented across national teams.

Before joining OnlineRefundee, Martin spent 11 years at BaFin, Germany's federal financial supervisor. He served in the consumer protection division as a Senior Case Officer, where he led BaFin's response to some of the highest-profile unauthorised broker platform failures of the last decade, and represented the authority on ESMA's Investor Protection Standing Committee.

Martin holds an LLM in European Financial Law from Humboldt University Berlin (2010) and a First State Examination in Law from Ludwig Maximilian University of Munich (2008). He is admitted as a Rechtsanwalt (attorney-at-law) in Germany.

Cross-border scams don't respect borders — and the recovery response can't either. When a Portuguese victim is coerced by a Cypriot broker with an Estonian shell company holding funds at a Latvian PSP, the case succeeds or fails on how quickly the right regulators talk to each other. That's the work I lead.

— Martin Fischer, OnlineRefundee

Career

2023 — Present
European Compliance & Cross-Border Recovery Director — Refundee Ltd
Senior oversight of continental European casework across the IT, ES, PT, FR, DACH and Benelux desks. Chairs the firm's Cross-Border Case Committee and ESMA / EBA liaison.
2018 — 2023
Senior Case Officer, Consumer Protection Division — BaFin
Led complex investigations into unauthorised investment firms operating cross-border into German retail. Represented BaFin on ESMA's Investor Protection Standing Committee (IPSC) and contributed to the 2022 warnings framework refresh.
2012 — 2018
Case Officer, Consumer Protection Division — BaFin
Retail investor complaints, cross-border enforcement co-ordination with CONSOB, CMVM, CNMV and AMF. Contributed to the 2017 EU-wide binary options intervention.
2010 — 2012
Legal Trainee (Referendariat) — Bundesbank & Freshfields Bruckhaus Deringer
Federal Court of Justice stage completed; specialised training in EU financial services law.

Areas of expertise

Cross-border regulator co-ordination (EU 27)
Unauthorised broker platform recoveries
Cryptocurrency exchange recoveries
Multi-jurisdictional pig-butchering casework
EU Payment Services Directive (PSD2) claims
Chargeback strategy under the E-Money Directive
MiCA-related crypto complaint framework
ESMA product-intervention proceedings

Languages

  • German — native
  • English — C2
  • French — C1
  • Italian — C1
  • Spanish — B2
  • Portuguese — B2
  • Dutch — B2

Committees, memberships and appointments

  • ESMA — Investor Protection Standing Committee Industry observer (as OnlineRefundee delegate), 2024 – present. Previously BaFin representative 2018 – 2023.
  • European Banking Authority (EBA) Cross-border consumer complaints working group — external contributor.
  • Deutsche Anwaltsverein (DAV) Member — Financial Services Law Committee.
  • International Bar Association (IBA) Banking Law Committee — Individual member.
  • Humboldt-Universität zu Berlin — European Financial Law LLM programme Occasional lecturer on cross-border enforcement (guest speaker series).

Selected writing & commentary

  • "When four regulators own the same fraud: co-ordinating cross-border recovery under a fragmented EU framework" — Journal of European Financial Services Law, 2025 (peer-reviewed).
    Analyses 47 cross-border broker fraud cases and proposes a lead-authority protocol.
  • "MiCA and consumer recoveries: what changes for scam victims from December 2024" — Contribution to the Handelsblatt Legal Briefing, 2024.
  • "Chargeback pathways under PSD2 in unauthorised investment scam cases" — BaFin Working Paper, 2022 (co-authored, internal).
  • Regular commentator — Financial Times Alphaville, Süddeutsche Zeitung Wirtschaft, and Il Sole 24 Ore on cross-border scam enforcement (selected pieces, 2023 – present).

Lost money to a cross-border investment scam?

Martin's team co-ordinates recoveries across all major EU jurisdictions. If your funds moved between two or more countries, we handle every regulator so you don't have to.

Start my free assessment →