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Tag: Sergey Mayzus

Payeer Sanctions Fallout: Frozen Balances, Wind-Down Deadlines, and a Growing Trail of Complaints

Crypto Compliance tamir -
The Russian-linked payment processor Payeer is now formally hit by an EU transaction ban—a move that, in practice, cuts off payment rails and counterparties across Europe. While Payeer blames sanctions-driven partner blocks and has announced shutdown timelines, FinTelegram continues to receive whistleblower complaints about frozen accounts and unpaid balances.

EU’s 19th Russia Sanctions Hit Payeer With Full Transaction Ban

Sanctions tamir -
The EU’s 19th sanctions package (23 Oct 2025) imposes a transaction ban on Russian-linked payment platform Payeer, alongside several third-country financial operators aiding circumvention. EU operators must cease dealings; a brief wind-down for Payeer runs to 25 Nov 2025. Lithuania had already fined Payeer UAB in 2024 for sanctions/AML breaches .

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

Compliance Ben -
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 -
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.

Russian High-Risk Entrepreneur Sergey Mayzus Unwanted Person In Czech Republic!

Court Cases tamir -
Russian Sergey Mayzus is a notorious entrepreneur in high-risk payment and online trading. He founded the now CySEC-regulated broker InstaForex in Russia in 2007, which has had many regulatory problems. The UK FCA revoked his Mayzus Financial Services Ltd license as a payment processor in 2018. Mazyos was allegedly involved in Alexander Vinnik's Russian collapsed crypto exchange BTC-e as a payment processor. Mayzus seems to have legal issues in the Czech Republic.

Update On Russian-Controlled Crypto Payment Processor Payeer And Its Colorful History!

High-risk payment processors Ben -
Over the last 3 years, FinTelegram exposed the Russian-controlled crypto payment processor Payeer as a payment processor for various broker scams. In January 2023, the Estonian FIU considered the revocation of Payeer's crypto license due to identified deficiencies. However, Payeer decided to renounce their license voluntarily and registered crypto service provider in Lithuania. We found more information about the related individuals and company history.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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