Malta’s Financial Arbiter repeatedly found that OpenPayd improperly credited payments through opaque vIBAN structures. He referred the breaches to the regulator—then denied compensation and blamed the victims’ “greed and gross negligence
The Wolfsberg Group’s new guidance on banking services for non-bank payment service providers addresses a structural weakness in the payment system: banks provide the accounts through which payment institutions collect, pool and redistribute money, while often seeing only part of the underlying payment chain. Wolfsberg does not treat this limited
Københavns Andelskasse and Payvision: Victims Left to Chase Empty Shells Danish authorities have secured another conviction in the Københavns Andelskasse money-laundering scandal. But the case exposes a larger European failure. The victims are not only facing AML breaches. They are facing an enforcement model that confirms wrongdoing after the operating
On 25 June 2026, the Court of Appeal of England and Wales is scheduled to hear the appeal in the Hamblin & Anor v Moorwand Ltd & Anor [2025] EWHC 817 (Ch). The case deserves attention far beyond the United Kingdom. It raises a question that is central to modern
ING’s new AML settlement and the same message ING Belgium has agreed to pay a €1.6 million criminal settlement in a money-laundering investigation linked to transactions involving Didier Reynders, the former Belgian minister and former EU Commissioner for Justice. According to reporting on the Brussels prosecutor’s announcement, the case concerned
A new U.S. class action against Circle raises a fundamental question for the digital financial system: when does a crypto infrastructure provider stop being a neutral technology layer and become legally accountable for enabling the movement of stolen assets? A New Test Case for Crypto Infrastructure Liability A class action
The criminal case we have been following for years has now reached a major procedural milestone. On 27 January 2026, the Regional Court of Cologne (Landgericht Köln) delivered its judgment in the joined criminal proceedings arising from 112 KLs 6/21 and 112 KLs 2/24. The written reasons were later signed
Fraud does not operate on lies alone. It operates on accounts. On payment rails. On internal transfers. On outgoing wires. On institutions willing to keep the machinery running long after the warning signs should have triggered harder questions. That is why the newly filed U.S. class action against JPMorgan Chase
A leaked Commission draft for a so-called “Digital Omnibus” would undermine core GDPR protections under the guise of “simplification.” It would narrow the scope of what constitutes personal data, curtail data-subject rights, create AI-specific carve-outs (even for sensitive data), and relax device-level protections currently anchored in the ePrivacy regime. If
Mercuryo’s SLAPP against EFRI As of 24 April 2023, the mercuryo group initiated a SLAPP – Strategic Lawsuit Against Public Participation – against EFRI and its board members for defamation reasons. The Austrian lawyer BINDER GRÖSSWANG represented them in court. The request for a preliminary injunction pertains to a table
