Category: DNB

EFRI urges European Banking Authority to act in the ING and Payvision caseE
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December 15, 2023

EFRI Clashes with Banking Authorities Over ING And Payvision Scandal: Time for Transparency and Action!

EFRI certainly is a beacon of hope for victims of cybercrime. Currently, is locking horns with the European Banking Authority (EBA) over the alarming ING and Payvision scandal. This face-off isn't just another bureaucratic tiff; it's a full-blown crusade for justice and transparency. Payvision, once a proud subsidiary of the banking giant ING, has been unmasked as nothing short of a professional money laundering entity.
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Crypto service provider Hyphe secures BaFin licenseI
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August 31, 2023

Introducing Hyphe: Dutch Crypto Service Provider Hyphe Secured BaFin License!

Amsterdam-based digital asset liquidity firm Hyphe, with its registration as a crypto service provider under the Dutch Central Bank (DNB), has marked a significant milestone. Its German arm, Hyphe Markets GmbH, has acquired a license as an Investment Firm per the German Securities Institutions Act (WpIG) and European Investment Firm Regulation (IFR). This positions the company to extend trading services to financial entities in Germany.
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EFRI with preliminary injunction against Dutch regulator DNB forL
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August 30, 2023

Legal Precedent: 1st Court Hearing In Preliminary Injunction Against Dutch Regulator DNB!

Disclaimer: The following article summarizes the report of the leading Dutch financial newspaper FD. The journalists of the financial newspaper have followed the first hearing in the Amsterdam court in which the European Fund Recovery Initiative (EFRI) and the victims represented by EFRI filed an injunction against the Dutch regulator DNB. EFRI and the victims are demanding the release of an audit report from the regulator in which the misconduct of the ING subsidiary Payvision is recorded.
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Payvision victims sue Dutch regulator DNBP
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August 28, 2023

Payvision Victims Go After The Dutch Regulator DNB Over Refusal To Support Them!

FinTelegram readers are well aware that through the coordination of the European Funds Recovery Initiative (EFRI), the Dutch payment processor Payvision, now in liquidation, is being sued by victims of scams who made and lost their deposits through Payvision. An investigation conducted by Dutch regulator De Nederlandsche Bank (DNB) confirmed that Payvision supported scams and violated financial laws in the process. However, DNB does not want to make the report available to victims.
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Payvision accused of financial crimeT
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October 16, 2022

The Payvision Financial Crime Scene Unfolds By The Minute!

The Dutch authorities and media now target ING and its subsidiary Payvision. The financial newspaper FD yesterday published another report about the investigation of the Dutch regulator DNB and the alleged financial criminal activities of Payvision. Its CEO Rudolf Booker is said to have personally given instructions to work with scammers such as Gal Barak and Uwe Lenhoff. Payvision executive Andre Valkenburg recently lied in court filings and claimed he would know of no investigations.
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Payvision Amsterdam headquartersI
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October 15, 2022

ING Issues Statement Related To The Criminal Investigations Of Payvision

Dutch FD and FinTelegram recently reported on the FIOD's investigation of ING subsidiary Payvision. A report by the Dutch regulator DNB accuses Payvision of violating regulatory requirements and financial laws to prevent money laundering and terrorist financing and supporting cybercrime activities. Suspects besides Payvision include former directors Rudolf Booker and Cheng-Lim Li. ING issued the following statement, saying essentially that they worked hard to improve Payvision's risk systems.
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Background information on the OptionsXO binary options trialB
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October 15, 2022

Breaking: Payvision And Rudolf Booker Prosecuted For Alleged Financial Crime Facilitation!

According to a report by De Nederlandsche Bank (DNB), criminal investigations have been launched against Payvision, the Dutch media outlet FD reports. The Amsterdam-based ING subsidiary allegedly deliberately neglected money laundering controls for years. The Dutch regulator DNB reportedly warned ING about the deficiencies several times but saw little improvement. According to FD research, Payvision, Rudolf Booker, and Cheng Li are the suspects in this criminal case.
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