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Tag: Silver Wolf

March 21, 2021

High-Risk payment processor MoneyNetint goes Brazil with RippleNet

MoneyNetint, the FCA-regulated Israeli e-Money institution around Yishay Trif and Raphael Golan, announced a new payment service for merchants doing business with Brazil. Together with Banco Rendimento in Sao Paulo, a clearing system based on the RippleNet blockchain is to be launched. This is intended to enable payments to Brazilian companies and individuals to be made without friction and at low cost. The system is compatible with the Brazilian instant payment system PIX, MoneyNetint claims in its blog post.

November 25, 2020

Finally! BaFin orders Deutsche Handelsbank to implement appropriate AML procedures

Deutsche Handelsbank has appeared as a payment processor in many binary options and broker scams. Moreover, the BaFin-regulated institution is a correspondent bank and partner of other regulated payment processors such as MoneyNetint, which also support scams. EFRI has filed a corresponding complaint to BaFin. The German regulator has now officially ordered Deutsche Handelsbank to implement appropriate AML measures to prevent money laundering and terrorist financing.

June 2, 2019

FCA warning against Zoo Broker Scam brand ‘CFD Premium’

A few days ago FinTelegram published a Request for Information about the Zoo Scam Broker Network. It seems that the partly relatively new Forex, CFD..

May 19, 2019

Request for Information – Who Are The ‘Zoo Broker Scam’ Operators Behind Silver Wolf, Brown Fox, Blond Bear, Or Blue Seal?

Update May 20, 2019 (5.30pm): Offer, the ExchangeITonline CEO sent an email to FinTelegram today saying that his crypto exchange is not doing business with..

Jeton Group Analysis: Facilitating Online Casinos Beyond Compliance!

FCA-regulated Jeton Group, a high-risk payment processor, has been deeply involved in facilitating transactions for illegal online casinos, including those operated by the Starscream Group. Jetonbank, a digital offshore bank regulated by the FSU in Dominica, has furthered these operations by enabling fiat deposits for players in unlicensed jurisdictions. This report calls for insiders to provide critical whistleblower information.

FinTelegram

Operation Niflheim: Brazilian Law Enforcement Targets $9.7 Billion Crypto Money Laundering Scheme!

Brazilian Federal Police have dismantled a major crypto-based money laundering operation, dubbed Operation Niflheim, targeting groups involved in laundering over $9 billion since 2021. The operation led to the issuance of eight arrest warrants and 19 search and seizure orders. The scheme used cryptocurrencies to funnel illicit funds from activities like drug trafficking abroad.

eToro Settles with SEC, Restricts Crypto Trading

Under its chair, Gary Gensler, the SEC is taking massive action against crypto companies in the U.S. The regulator believes that most coins and tokens qualify as securities, and therefore, the issuers and exchanges need appropriate registration. The U.S. subsidiary of the Israeli eToro broker scheme has also been sued for this reason. eToro settled with the SEC with a $1.5 million payment.

Crypto Crime Case FTX: Caroline Ellison Seeks No Jail Time for Role in FTX Fraud

Caroline Ellison, a former top executive in the collapsed crypto exchange FTX and former girlfriend of FTX CEO Sam Bankman-Fried, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX collapsed in November 2022 and noted that the court's Probation Department recommended that she serve no prison time.

TD Bank Fined $28 Million for Illegal Credit Reporting Practices!

The U.S. CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims of the bank’s illegal actions. For years, the bank has repeatedly shared inaccurate, negative information about its customers with consumer reporting companies. The information included systemic errors about credit card delinquencies and bankruptcies. In addition to the redress, the CFPB is ordering TD Bank to pay a $20 million civil money penalty.