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Posts published in “Illegal Payment Services”

Preventing Cybercrime – The Praxis Question, the Estonian Challenge, and why it’s important to take action against financial services providers!

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.

Bruc Bond Case and the Montenegrin Connections

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.

Alleged Russian money-laundering scheme loses millions in bankruptcy of Austrian Meinl Bank

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.

Exposed – Suspected Russian money-launderer, alleged cybercriminals, and binary options scammers evidently invested millions in Telegram’s Gram token placement

On 31st January 2019, the Austrian Meinl Bank (now “Anglo Austrian AAB Bank“) made a suspicious money laundering report to the authorities against the Russian…

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