Tag: Bank of Lithuania

The OpenPayd–Klickl vIBAN Fraud Rail: KXTRA And Fake Peel Hunt Victim Files Point To Same Payment Infrastructure

Investment Schemes Ben -
FinTelegram’s OpenPayd–Klickl investigation has moved beyond KXTRA. A new OpenPayd GDPR response confirms that victim-facing IBANs were named virtual IBANs linked to Klickl Europe’s corporate payment account. Victim files now connect this rail to both KXTRA / KKR Global Investment and fake Peel Hunt / Peelhuntaicore scams.

BaFin vs. Yapily? Whistleblower Case Targets Open-Banking Rails for Illegal Casino Payments!

BaFin Reg Techer -
FinTelegram has reviewed a whistleblower report indicating that Germany’s financial watchdog BaFin has registered a case concerning Yapily Connect UAB, the Lithuanian licensed arm of the UK open-banking group Yapily. The allegations are explosive: regulated Pay by Bank infrastructure was allegedly used to process deposits for offshore casino brands targeting German players.

Revolut, Open Banking & Illegal Offshore Casinos: Player Evidence Raises New Questions Over Chargebacks, Descriptor Masking, and Regulatory Exposure

Illegal gambling tamir -
A player communication reviewed by FinTelegram raises a serious compliance question for Revolut: did the fintech initially tell a customer that Mastercard chargebacks had been raised and finally decided, only to later admit that no chargebacks had been submitted at all? Against the backdrop of FinTelegram’s long-running investigations into illegal offshore casino payment rails, the case sharpens a broader issue.