Tag: payswix

Update on MoneyNetInt and PayswixU
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August 21, 2023

Update: Scam-Facilitating Payment Processors MoneyNetInt and Payswix!

FCA-regulated EMI MoneyNetInt was one of the big payment processors for the fraudulent binary options industry that defrauded hundreds of thousands of people out of tens of billions of dollars between 2010 and 2018. We exposed Israeli-controlled MoneyNetInt and its affiliated GlobalNetInt as payment facilitators in many scams. Consequently, in June 2021, the FCA announced that MoneyNetInt voluntarily stopped acquiring new customers temporarily in June 2021.
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Deutsche Handelsbank under fire for scam faciliationD
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November 30, 2022

Deutsche Handelsbank Under Fire For Its Scam Facilitation & Money Laundering Activities!

In the summer of 2020, a Munich court issued a garnishment order to seize the bank accounts of CySEC-regulated Hoch Capital Ltd (file number 1539 M 46463/20). One of the payment processors involved was Deutsche Handelsbank, a notorious scam facilitator. As ordered, Deutsche Handelsbank submitted the data to the court and froze the Hoch Capital Ltd account, which held over €909,000. The company and its individuals are under investigation by German prosecutors on suspicion of investment fraud.
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MoneyNetInt and Payswix and their troubled pastQ
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November 27, 2022

Quo Vadis, MoneyNetInt? The Latest Update On A Legendary Binary Options Payment Processor!

The FCA-regulated e-money institution MoneyNetInt had its best time during the binary options hype. Most of the binary options scheme providers were Israelis, and, as it turns out, almost all of them were scam schemes. Many of them were clients of MoneyNetInt, such as IC Option, TitanTrade, or the schemes of Uwe Lenhoff and Gal Barak. As of 2017, binary options were banned in most regulatory regimes. Since then, MoneyNetInt's business might not be doing so well either, as their latest figures suggest. Here is an update.
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Fake Regulators on FinTelegramT
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September 18, 2022

The Scam Legacy And Collapse Of FCA-Regulated Payment Processor NordPay

Currently, the indictments and trials against the operators of the Israeli scam network around GetFinancial are taking place in Germany. Around the GetFinancial scam, fund recovery scammers preyed on GetFinancial victims, posing as agents of the Cypriot regulator CySEC. The fund recovery scam victims' deposits were made to accounts at FCA-regulated high-risk payment processor NordPay Financial Ltd d/b/a CentralPay and Paysite Cash. NordPay collapsed following disputes between the founders and went into administration in April 2021.
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MoneyNetInt and GlobalNetInt group of companiesA
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March 23, 2022

Attention! Regulated high-risk payment processor GlobalNetInt is now payswix!

In June 2021, the Lithuanian-Israeli e-Money Institution GlobalNetInt (GNI), related to the FCA-regulated MoneyNetint Group, was penalized by the Bank of Lithuania for its violations of anti-money laundering and terrorist activities financing rules. GNI has to pay €350,000 because it did not properly assess the risk posed by customers and did not always ensure that customer identification remotely complied with legal requirements. GNI has been a notorious scam facilitator and is now doing business as payswix.
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