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German BaFin orders three illegal payment processors to terminate their business!
The German regulator BaFin is not known for being particularly active or aggressive against illegal financial service providers or scammers. Unfortunately, that is what has made Germany a center for money laundering via illegal payment processors in recent years. On November 8, 2021, BaFin ordered the cessation and liquidation of the illegal payment processing activities of AliDa Consulting GmbH, El-Do-Buy Marketing GmbH, and Curpat GmbH.