Tag: Elene Kulbikova

Updated Review: Lithuanian FCIS Findings Confirm FinTelegram’s Reports on Payeer’s Russian Connections and Money Laundering!

Compliance Ben - July 11, 2024

As reported previously, the Lithuanian Financial Crime Investigation Service (FCIS) has imposed a record fine on the payment processor Payeer, totaling nearly €9.3 million, for significant breaches of international sanctions and anti-money laundering (AML) regulations. This development corroborates FinTelegram's previous investigations into Payeer's Russian connections and its role in laundering money for scammers, further solidifying FinTelegram's reputation as a leading financial intelligence provider.

Russian-Controlled High-Risk Payment Processor Payeer Facilitates Pocket Option and PO Trade Broker Schemes!

High-risk payment processors tamir - February 16, 2024

The Russian-controlled high-risk payment processor Payeer has been on our radar since 2021. Since then, the operating companies behind the payment facilitator have changed several times. We have also discovered Payeer to be a facilitator of scams during this time. Currently, Payeer is one of the payment facilitators for the (interconnected) offshore broker schemes Pocket Option and PO Trade, alongside Advcash and Perfect Money. Here is our latest update.

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