First Data Merchant Services LLC (First Data), part of one of the US financial services technology provider Fiserv Inc., and one of its executives agreed…
Posts published in “Illegal Payment Services”
It is almost boring to repeat the same statement over and over again - financial service providers have a very special responsibility for the well-being of society, the economy, and consumers. This responsibility is the reason why we do have financial market supervisory regimes and why financial service providers need licenses and permits. Efficient KYC/AML/CTF procedures are a conditio sine qua non for the dawning cybersociety. In view of the booming cybercrime, we must work much more radically on a global compliance regime.
In the course of our many analyses of broker scams, we have repeatedly noticed payments to banks in Montenegro. Many cybercriminals and their respective schemes…
Amidst the COVID-19 crisis any politicians, such as the Austrian Chancellor Sebastian Kurz, are advising their citizens that the coronavirus has heralded a New Normality…
FinTelegram has affidavits from involved lawyers in Belgrade about various illegal Montenegrin payment processors. Among them is the Hermes Solution Podgorica DOO, Binex Podgorica DOO, or Global Payment Solutions Podgorica DOO. Montenegro was a large villain's nest with many illegal payment processors processing customer funds for Broker Scams.
Since April 2019, the case of Crypto Capital Corp “(CCC”) crypto payment scheme is before the courts in Europe and North America. These court cases…
Early 2019, the Austrian Meinl Bank filed a money laundering report to the competent authorities on the basis of the reports of FinTelegram. The object of the suspicious activities report (SAR) was Keyring Holdings Ltd of the Russian Vladislav “Vlad” Smirnov (aka Vladislav Khokholkov). With the bank's insolvency the money is most likely gone.