Tag: Steven van Rijswijk

ING and Payvision prosecuted for alleged money launderingB
Categories
November 4, 2022

Blame Game: ING CEO Calls Payvision A Mistake And Envisages Settlement!

In a recent press conference, ING CEO Steven van Rijswijk referred to the Payvision money laundering case. He said that the bank is not concerned about a possible settlement. "We have a strong capital position," Van Rijswijk said. He was open about the mistakes made when the fintech company was bought in 2018. "Obviously, that deal hasn't been a success," he said lightly. A few days ago, Payvision founder Rudolf Booker blamed ING for the Payvision collapse.
Read More
ING and Payvision prosecuted for alleged money launderingN
Categories
November 2, 2022

New Allegations Against Payvision Founder Rudolf Booker, Who Sees A Witch Hunt!

Since the money-laundering prosecution of Payvision and its founders became known, the Dutch media has been intensively interested in the founder Rudolf Booker but also in the role of ING. In an interview with Financieele Dagblad, Rudolf Booker sees a witch hunt against him. The authorities are investigating whether ING paid an inflated purchase price for Payvision. Booker indignantly rejects all accusations and points to ING.
Read More
ING terminates Payvision and EFRI sends open letterE
Categories
July 1, 2022

EFRI Sends Open Letter To ING CEO And Dutch Regulator Over Payvision Procedure!

Founded by Rudolf Booker in Amsterdam some 20 years ago, Payvision was acquired by ING in 2018 at a valuation of €360 million. ING then discovered that Payvision was a high-risk payment processor that primarily served ethically unacceptable industries such as porn or gambling. In addition, Payvision was a facilitator and money launderer for broker scams. In 2020, ING sold the unethical business back to the Payvision founders for a symbolic euro. In 2021, ING announced that it had decided to close Payvision after an extensive review. Currently, this closure is being processed but Payvision victims are not compensated.
Read More