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Tag: Payabl Group

High-risk payment processors

February 15, 2023

Klarpay Announced Profitability For The First Year Of Operation

Klarpay is a FINMA-regulated financial institution with offices in Cyprus. In Q1 2022, the Payabl Group led a seed finance round of CHF 3 million..

High-risk payment processors

January 14, 2023

Visa Welcomes High-Risk Payment Processor Payabl In Direct Preferred Partner Program!

Cyprus-based high-risk payment processor Payabl has become the latest addition to the Visa Direct Preferred Partner Program, PaymentExpert reports. The membership will provide Payabl access to Visa’s tools to improve real-time payment solutions. There is an intense discussion on Twitter about the payment processor specializing in porn and gambling and its founders, Ruediger Trautmann and Dietmar Knoechelmann. The company recorded a 182% YoY growth with its high-risk merchants.

December 2, 2022

Popcorn Days: Wirecard Trial Starts With Open Questions About Its Shadow Structure!

The Wirecard trial begins on 8 Dec 2022. The main question will be: Who is responsible for the scandal? Markus Braun, the founder and former CEO, Oliver Bellenhaus, managing director of Wirecard Dubai, and the former head of accounting, Stephan von Erffa have to answer critical questions! Braun and his accomplices are alleged to have operated Wirecard as a criminal organization, the indictment says. The court has scheduled 100 days of hearings. In an underground courtroom.

November 14, 2022

Payabl-Investment KlarPay Announced USD AND GBP Accounts

Payabl Group-funded Swiss-Cypriot FinTech Klarpay, focused on online merchants and influences, has announced the launch of USD and GBP accounts. This addition enables its clients to send and receive USD and GBP payments globally via their corporate Klarpay account. With Klarpay’s Swiss IBAN accounts, businesses can transact through SEPA and SWIFT in more than 90 countries and 70+ currencies via its Dashboard and APIs.

November 7, 2022

Interesting: German-Cyprus Payabl Seems To Be The Leading Porn Payment Processor!

Recently, the online financial magazine FinanceFWD brought a report about the porn customers of the collapsed German high-risk payment processor Wirecard. For years, Wirecard happily processed payments for the porn empire around MindGeek, for example, for their websites PornHub or YouPorn. Today, the former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann and their German-Cyprus Payabl Group are among the leading porn payment processors, Similarweb data suggest.

September 22, 2022

Introducing The Other Wire Card

The German Ruediger Trautmann was Wirecard’s COO between 2005 to 2010. According to the Zatarra Report, Trautmann incorporated numerous undisclosed companies in the Wirecard scheme during his tenure. One of these satellite companies was Wire Card UK Limited, where he served as a director from 2006 until its dissolution in 2010. This Wire Card UK did not belong to the German Wirecard Group but was part of the scheme. The similarity of the names was probably no coincidence.

Swiss Regulator Seizes $15 Million from Private Bank Mirabaud Connected to a Vast Money Laundering and Tax Evasion Case!

Swiss regulator FINMA has seized $15 million from Geneva-based private bank Mirabaud & Cie for serious breaches of financial market law and money-laundering obligations. The bank failed to conduct proper due diligence on a deceased businessman accused of tax evasion, managing up to $1.7 billion in assets linked to him. Despite Mirabaud's efforts to keep the case private, a Swiss court has now made it public.

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Does Sam Bankman-Fried’s Appeal Stand a Chance?

Sam Bankman-Fried’s legal team has filed an appeal to overturn his 25-year sentence, arguing that his trial was tainted by bias. The appeal claims that crucial evidence, including the solvency of FTX, was withheld from the jury. However, legal experts are skeptical about the chances of success, given the high bar for overturning such convictions. Lesson to be learned: bankruptcies are dangerous for all concerned.

Wanted: Connectum Voluntarily Restricts Business After FCA Audits and Vanished Into Thin Air!

Connectum, once a key player in facilitating payments for cybercrime organizations, has seemingly vanished after voluntarily restricting its business operations following FCA audits. The payment institution, now controlled by Cambodian PEP Sokha Heng, stopped offering services as of May 22, 2024, and its email address is no longer functional—raising concerns about the company’s current status. Connectum is wanted by fund recovery organization EFRI for victim compensation payments.

FinTelegram

Global Law Enforcement Action Dismantles Ghost Platform Used by Organized Cybercrime!

In a coordinated international crackdown, authorities have dismantled the Ghost encrypted communication platform, which criminal organizations had used for activities including drug trafficking, money laundering, and violent crime. Over 50 arrests were made globally, and drugs, cash, and encrypted devices were significantly seized. Europol led the operation, which involved law enforcement from nine countries.

Cyprus Real Estate Firm Partners with Notorious CryptoProcessing for Crypto Payments! And Some Background!

Anything is possible in Cyprus. Especially when it comes to cyber finance and illegal gambling and financial platforms. Cyprus was the global hub for illegal and fraudulent binary options. Providers of crypto services have also found a home there. The island is also home to the Dream Hill real estate company, which now offers the purchase of apartments via cryptocurrencies. The partner for this is CryptoProcessing. Here is the most important thing in Telegram style.