Upcoming Class Action against Payvision/ING !
Are you a Victim of Xtraderfx, Optionstars, Safemarkets, Golden Markets?
At the end of January 2019, Gal Barak, the owner of several investment scam websites, including XtraderFX, OptionStars/OptionStarsGloball, Safemarkets, and Golden Markets, was arrested by
Are you a Victim of Option888, Xmarkets, Tradovest, Zoomtrader?
Uwe Lenhoff, a German national, was arrested on 25 January 2019 in Tyrol, Austria, and faced multiple charges related to fraud. He was identified as
We Identify Financial Crime Enablers!
EMIs and PIs fail AML: Banks cannot trust Stablecoin Issuers!
When Europe’s payment institutions (PIs) and electronic-money institutions (EMIs) still show structural AML/CFT weaknesses, it’s reckless to assume stablecoin issuers—often EMIs themselves—will perform better. Any
EFRI’s Shared Liability Framework Proposal for the PSR
Europe built fast, low-cost payment rails. Victims deceived into initiating payments are still left alone. Our paper, a contribution to the ongoing discussion, sets out
Finleaks – A Retaliation Platform, Full of Defamation!
The New ADR Reform: An Illusion of Consumer Protection!
BarentsKrans and the Lost Airbnb Class Action!
How EY Enabled a $100 Billion Money Laundering Empire!
Why a Limited APP Fraud Shift in the EU – as proposed by EBI – Misses the Mark!
Dutch Class Action vs ING/Bunq!
European Funds Recovery Initiative
About EFRI
EFRI identifies and targets financial crime enablers and seeks restitution on behalf of its members from the fraudsters and the enablers of the scams.
The legal entity behind this initiative is a non-profit organization registered in Vienna, Austria (EFRI Association). You can read the charter of the non-profit association here.
We strongly believe that a large group of victims fighting against the fraudsters and asking for help from the authorities in a structured way can help to stop this type of fraud in Europe.
Mission Statement
The purpose of EFRI is to support victims of cybercrime and to promote cybersecurity in the user segment of consumers and small investors.
With increasing digitalisation, the extent of cybercrime is also increasing massively. The activities of many initiatives to increase cybersecurity focus primarily on the technical and organisational aspects of companies. EFRI, on the other hand, concentrates on protecting consumers from online fraudsters through technical, organisational, communicative and legal measures.
We think that the protection of Consumers and Small Investors is a must for the development of a sustainable cyber society.
The activities of EFRI focus on the following areas:
Supporting victims of cybercrime to overcome the psychological effects of the crime and to prevent them from being victimised again;
Identifying financial crime enablers supporting the scams and addressing them for refunds on behalf of the victims;
Coordination and contact point for authorities, non-government organisations and private initiatives for data exchange and warnings regarding scams and investment fraud;
Public early warning system against scammers and investment fraud in cooperation with media partners and operators of social media;
Development of a cybercrime database for statistical analysis.
