The massive €4.228 million fine imposed by the Dutch Kansspelautoriteit (KSA) on the Starscream Group was intended to be a death blow to the illegal iGaming operation. Yet, brands like Rant Casino and AllStarz Casino remain online, accepting deposits from European victims as if nothing happened.
How? FinTelegram can now expose the “Shadow Stack”—a sophisticated, multi-layered payment architecture built by SegoPay and HuchPay to bypass EU enforcement and keep the money flowing to sanctioned entities.
The Anatomy of the Two-Tier “Black Rail”
Our investigation, supported by the latest compliance data from our sister platform RatEx42, reveals that these two providers operate a tag-team maneuver to hide the money trail:
- Layer 1: SegoPay (The Obfuscator) Acting as the merchant-facing gateway, SegoPay (segopay.com) is the “dirty” end of the stick. It provides the API that connects illegal casinos to the banking system. Our analysts have flagged SegoPay for its complete lack of regulatory licensing and its use of rotating “shadow IBANs” to avoid bank detection.
- View the full SegoPay Compliance Profile on RatEx42: ⚫ SegoPay Black-Risk Listing
- Layer 2: HuchPay (The Technical Wrapper) Once SegoPay captures the transaction, it is routed through the French-registered HuchPay (HUCH SAS). HuchPay acts as a “technical service provider,” utilizing Open Banking protocols to give the transaction a veneer of legitimacy before it hits the SEPA network. By the time the money reaches its destination, the “gambling” origin has been scrubbed.
- View the full HuchPay Compliance Profile on RatEx42: ⚫ HuchPay Black-Risk Listing
Defying the Regulators
The KSA fine against Starscream exposed a critical chokepoint: the payment facilitators. While traditional banks have blocked these operators, the SegoPay/HuchPay stack exploits the “Technical Service Provider” loophole. By not holding a direct banking license, they operate in a regulatory vacuum, ignoring AML/KYC requirements and facilitating transfers for casinos that are explicitly banned in the EU.
The “Chargeback-Free” Trap
SegoPay and HuchPay market themselves to high-risk merchants with the promise of “Zero Chargebacks.” For victims, this is a nightmare. Because these transactions are processed as “Instant Bank Transfers” via Open Banking, users have zero protection once their funds are drained into the Starscream ecosystem.
Whistleblowers Wanted
FinTelegram is calling on employees, former associates, and bank compliance officers who have handled transactions involving SegoPay, HUCH SAS, or Starscream Limited.
- Do you have internal merchant contracts?
- Do you have settlement reports showing where the funds are truly being laundered?
- Do you have the identities of the UBOs behind SegoPay?
Submit your information anonymously via Whistle42.com. Help us dismantle the shadow rails.
