Charlene Lensburg | FinTelegram News

Author: Charlene Lensburg

Compliance

June 2, 2023

Private Affairs: GDPR Fine Tracker Exposes The Poor Privacy Ethics Of Large Internet Companies!

The Irish Data Protection Authority (DPA) recently imposed a record fine of €1.2 billion on Facebook parent Meta Inc for unlawful data transfers to the US. In 2018, the GDPR became effective in the EEA countries. Since then, Private Affairs has tracked the penalties issued via its GDPR Fines Tracker & Statistics and publishes the relevant statistics on its website. They show that many companies are very careless with user data and have poor privacy ethics.

May 31, 2023

Qatargate: Suspected Lawmaker Eva Kaili Asks To Return To EU Parliament!

EU lawmaker Eva Kaili, arrested five months ago as part of the Qatargate investigation into corruption allegations within the European Parliament, is now preparing to return to work. The Belgian prosecutor announced that she is no longer under house arrest. She allegedly asked to return to the EU Parliament. Kaili's lawyers confirmed that she can now resume her duties. However, travel restrictions still prevent her from attending plenary sessions in Strasbourg.

FinTelegram

May 30, 2023

Crypto Payment Processor Mercuryo Announced Partnership With Solana!

Today, Mercuryo, a crypto payment processor owned by Russian entrepreneurs, announced a collaboration with Solana, a prominent blockchain project. Solana, founded in 2017 by Anatoly Yakovenko, has gained significant traction in the crypto industry and aims to onboard its first billion users. Mercuryo's cooperation with Solana aims to provide various payment solutions for user onboarding within the Solana ecosystem.

CySEC

May 30, 2023

CySEC Withdrew AIF Authorization Of IC2 Venture Capital Investment Capital Compartment.

Cyprus regulator CySEC announced today that it has decided, under article 64(1)(f) of the Alternative Investment Funds Law of 2018 (‘the Law’), to withdraw the authorization of IC2 Venture Capital Investment Compartment (the Investment Compartment) of the company Mega Ploutos AIF Variable Capital Investment Company Plc (the AIF), as the AIF has expressly renounced the authorization of its investment compartment.

May 29, 2023

Italian Consob Ordered The Black-Out Of Four Illegal Financial Websites!

On 25 May 2023, the Italian regulator Consob announced that it ordered four illegal financial websites to be blacked out. The total number of black-out orders increase to 898. The Italian financial watchdog has the authority to order ISPs to inhibit access from Italy to illegal financial websites. So far, the Italian regulator is, unfortunately, the only one in Europe with this authority. Below are the websites Consob has ordered to be blacked out:

BaFin

May 25, 2023

German Regulator BaFin Warns Against Unauthorized Financial Operators CopyBank and RCE Banque.

The financial supervisory authority BaFin has issued warnings against Copybank (here) and RCE Banque (here), which offer banking services via their websites without the required regulatory permission. Bridgewater Associates (UK) Limited allegedly operates RCE Banque with addresses in the UK and in St. Vincent and the Grenadines. BaFin is clarifying whether the operator is identical to the company of the same name listed in the UK companies register "Companies House."

Law Enforcement

May 24, 2023

One Of Europe’s Biggest Pirate IPTV Services Taken Down In The Netherlands

Europol has supported the Dutch Fiscal Information and Investigation Service (FIOD) in taking down an illegal IPTV (Internet Protocol television) service serving over 1 000 000 users across Europe. On 23 May, raids were carried out across the Netherlands as part of an illegal streaming crackdown. The officers from the FIOD searched properties in various locations in The Netherlands. Several individuals were arrested for involvement in the illegal streaming of premium content.

Law Enforcement

May 24, 2023

U.S. Authorities Crack Down on Money Mule Network

The Justice Department, FBI, U.S. Postal Inspection Service (USPIS), and other federal law enforcement agencies announced the completion of a campaign that disrupted money mule networks used by foreign fraudsters. Money mules received money from fraud victims and forwarded the fraud proceeds to the perpetrators (many of whom are based overseas).

Compliance

May 22, 2023

Facebook Owner Meta Fined A Record €1.2B For Allowing US Intelligence Agencies Data Access!

Meta, the owner of Facebook, has been fined a record €1.2 billion by Ireland's Data Protection Commission for violating European Union data protection rules. They have also been ordered to cease transferring data collected from Facebook users in Europe to the United States. The penalty is a significant outcome under the General Data Protection Regulation (GDRP), marking one of the most important rulings in the past five years.

May 21, 2023

Interesting Report: Organized Crime Activities In Ukraine Before And After The Russian Invasion!

Ukraine was the center of the international cybercrime scene until the Russian invasion in February 2022. Many online brokers and boiler room scams were based in Ukraine. The Russian mafia had also established its network in the West through Ukraine. Russian and Ukrainian organized crime had established a powerful criminal ecosystem within Europe and controlled a profitable transnational smuggling network between Russia and Western Europe.

May 19, 2023

Exposed! The Turkish Broker Scam Network Around CGS Apps, Airsoft, And Crypto-V2!

In recent months, we have noticed an increasing number of schemes on the scam radar operated or facilitated via Turkish companies. Torsa Teknoloji Bilişim Pazarlama ve Ticaret Ltd. Şti. d/b/a CGS Apps in Istanbul operated as an illegal payment processor for broker scams like the vanished ONOTEX. CGS Apps officially sells various products and services related to Forex and CFD trading. Here is our first report on this black-rated Turkish scheme.

May 19, 2023

Attention: Do Not Fall For The EJ Investing Broker Scam Operated By Halobore Ltd!

On the Airsoft white-label platform, the new broker scam EJ Investing is about to be launched. Halebor Ltd, registered in the UK, allegedly operates it. This company has also been operating the LPLFinances, InvestingCiti, and DBInvesting scams. The Bulgarian Kiri Angelov Genov is registered there as a director. Our May 18, 2023 review found that no payment method currently works. These are currently being tested. Stay far away and keep your financial health.