Tag: Cheng Liem Chi

Amsterdam Payvision Settlement: A Troubling Signal in the Global Fight Against Cybercrime and Money Laundering!

Court Cases tamir - April 7, 2024

In a recent development that has drawn significant ire from both FinTelegram and the broader anti-money laundering community, a disconcertingly lenient settlement was reached with former executives of the payment processor Payvision, Rudolf Booker and Cheng Liem Li. This resolution saw the individuals fined merely €180,000 and €150,000, which is definitely a wrong signal to the global cybercrime scene.

U.S. Court Cases: Payvision Director Andre Valkenburg Under Legal Fire!

Court Cases tamir - September 26, 2022

The Dutch Andre Valkenburg became Payvision CEO as of 1.5.2020 after the founders and directors Rudolf Booker, Gijs van de Weegh, and Cheng Liem Chi resigned after the company was acquired by ING in 2018. According to (checked) information available to FinTelegram, he is still the managing director of Payvision, which ING ordered to go out of business. According to some US lawsuits, he is also said to have continued Payvision's high-risk business during his CEO tenure.

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