BaFin issues Cease and Desist Orders against illegal payment processors Widestep and WebMaster Solutions
Cybercrime organizations need fake companies for their business through which they can launder their illegally obtained funds. For example, the deposits of victims of scams are processed through these illegal payment processors. Many of them are German companies that are very popular among cybercriminals. These provide their bank accounts on illegal funds are laundered with false information. This week, BaFin issued a Cease and Desist Order against the two illegal payment processors, Widestep and WebMaster Solutions.