Since more than two years we have been delivering information about bank accounts of Deutsche Handelsbank used for scamming peoples to the German authorities.
Already when we have been working on the #Wirecard money laundering complaint (back in January 2020) it was evident that some of the scammers used both Wirecard and Deutsche Handelsbank (both are located in Munich, Germany) for its activities. Back then we realized that Wirecard was used during the past years as main bank for the scammers itself (some of the big guys from criminal organizations themselves openend up bank accounts with Wirecard), we also realized that Deutsche Handelsbank in the past years got the preferred place to go for (mainly FCA licensed) payment institutions and e-mony companies to open up their payment accounts for their scamming merchants. The basis of our findings were the criminal files for GAL BARAK and partners done by the police authorities in Austria, these files include a load of information about the money flows from the victims to the scammers and very often companies like PPRO Financial Ltd, Connectum Ltd with accounts with Deutsche Handelsbank showed up. In addition the victims represented by us, send us their payments slips for the losses experienced and very often Deutsche Handelsbank bank accounts showed up.
Millions and millions of stolen money was wired via Deutsche Handelsbank to the scammers worldwide.
In December 2020 we finally filed a summarizing criminal complaint regarding #DeutscheHandelsbank and some of its main customers with the Munich prosecutor and evidently they finally acted in April 2021 and raided the premises of Deutsche Handelsbank. Like Kobenhavn Andelskasse – another example of an European small bank which was more or less hijacked by scammers – Deutsche Handelsbank probably had problems in showing positive results, so the management was induced to onboard questionable and shaddy customers.
Anyway, on July 7th, 2021 Deutsche Handelsbank announced that they will close the payment services business line. This is a further small but important step to make it more difficult for the scammers to launder their money in Germany.
So guys, this is definitly good news for us!