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Tag: Binance Pay

Offshore Casino Vavada: How a “cosmetics” merchant facilitates transaction laundering!

Illegal gambling tamir -
The investigative platform SpinangaCase recently published a series on the offshore casino Vavada and its front merchant Floxydy. These reports allege a transaction-laundering flow that disguised Vavada casino deposits as “cosmetics” purchases and routed them through PayWRX into NetworxPay infrastructure.

Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!

Illegal gambling tamir -
Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.

Review: Unauthorized Online Casino Betify, its Payment Facilitators, and the Open Banking Issue!

Illegal gambling Ben -
While the main website of the Betify online casino, Betify.com, states Altacore N.V. has a Curacao license as an operator, various other Betify websites do not provide any information about the operators. Costa Rica is stated as the jurisdiction responsible for the terms and conditions. In our reviews at the beginning of August 2024, we discovered the Cyprus-registered Altaprime Limited as the payment processor for anonymous and illegal casino activities.

Review: Offshore Online Casino Operator Starscream and its Payment Facilitators

Reviews & Ratings tamir -
As part of our “Follow the Money” research strategy, we look at online casino and gambling schemes and analyze the facilitating payment processors. We often discover FinTechs such as Revolut, MoonPay or Binance Pay, but also many open banking service providers such as Noda. We also discovered a number of facilitating payment processors at the online casinos of the Starscream Group in addition to illegal activities. Here is our review.

Continent Pay Network: Unauthorized Payment Processor Intelli Global Ltd, TTVGAMES, and the Role of Klarna’s Sofort!

Illegal gambling tamir -
As part of our ongoing "follow-the-money" investigations into the online casino and gambling industry, we have identified Intelli Global Ltd, a UK-registered company, as a significant player in this high-risk environment. This review will focus on Intelli Global Ltd and its gaming platform, TTVGAMES, and will delve into the involvement of fintech unicorn Klarna and its subsidiary Sofort in facilitating payments for unauthorized online gambling operations.

Review: Illegal Gambling Scheme PlayRegal Facilitated by the Continent Pay Network!

Illegal gambling tamir -
PlayRegal is a scheme mirroring the previously exposed and illegally operating online casino, Atlantis Slots. Both platforms utilize the same payment facilitators. Following our investigation, Atlantis Slots has removed references to its alleged operating company in Curacao and its Cypriot payment agent. Likewise, the PlayRegal website fails to provide information about the operators. Evidence suggests that both schemes are operated by the same individuals.

Whistleblower Request: Secretive Lithuanian Crypto Exchange Criptomy and the Continent Pay Network!

Crypto Schemes tamir -
Criptomy is a Lithuanian crypto exchange. Established in 2022 with a capital of €125,000, the company lists Mariana Achim as its sole director. Our web traffic analysis reveals a significant Italian connection and unusual traffic patterns. Criptomy has also been identified as a payment agent for the illegal online casino and gambling platform Atlantis Slots. Further information about Criptomy's involvement and operations is needed to assess compliance and regulatory adherence.

Whistleblower Request: Investigating ContinentPay and Its Alleged Connections to Gery Shalon

High-risk payment processors tamir -
We are seeking whistleblower information on the high-risk payment processor Continent Pay, which is reportedly controlled by Gery Shalon, also known as Garri Shalelashvili. He is an Israeli national originally from Georgia and is considered one of the world's most notorious cybercriminals. He gained infamy for orchestrating cyberattacks on the U.S. financial sector, including the largest theft of customer data from a U.S. financial institution in 2014, which affected over 100 million people.

Offshore Casino & Gambling Operator NewEra Facilitated By Revolut and WLPay!

gambling schemes tamir -
As part of our analysis of payment facilitators in the high-risk segment of online casinos and gambling providers, we have already reported on the Curacao licensed provider NewEra. Like many other offshore casinos, it also operates via a payment agent in Cyprus. One of the payment facilitators for the NewEra casinos is the FinTech unicorn Revolut, through which players from jurisdictions in which NewEra does not have a license can make deposits.

Offshore Casino & Gambling Operator NewEra And Its Payment Facilitators!

gambling schemes William -
The NewEra Group is another online casino and gambling operator that operates with a license in Curacao and a payment agent in Cyprus. Although NewEra does not have a license in Europe or North America, it attracts customers and their deposits from these regulatory regimes. Revolut, Binance Pay and MiFinity appear to be the most important payment facilitators. Binance Pay is offered at all NewEra casinos.

Offshore Broker PocketOption Addresses The Russian Market With A Network Of Domains And Websites!

Black Compliance tamir -
We downgraded Russian-controlled offshore broker PocketOption to our black compliance list a few weeks ago in light of its numerous regulatory warnings. In recent months, PocketOption a/k/a PO Trade a/k/a PO has also addressed the Russian market, which is actually blocked by Western sanctions, through a network of new domains and websites and acquired retail traders. Here is an update on PocketOption.

Updated Review On Red-Listed Offshore Broker Scheme PocketOption!

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Most recently, the Belgian FSMA has placed the offshore broker scheme PocketOption a/k/a PO Trade on its blacklist. Over the past few years, several regulators have already warned against the unregulated broker. For a few weeks, PocketOption has been operated by Infiniti Trade LLC, a company registered in Costa Rica. Before that, it was Gembell Limited. We have added PocketOption to our Red Compliance list.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

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