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 bank offering operating, reserve or settlement accounts to a fiat-backed stablecoin issuer faces two rails (fiat + on-chain). Both must be managed to AML standards—or
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 a solution based on the experience we made during the past years: treat fraudulently induced payments as unauthorised, make reimbursement the default at the payer’s
Carter-Ruck, one of the UK’s most feared libel law firms, is facing disciplinary proceedings over its role in the £4 billion OneCoin scam. The Solicitors Regulation Authority alleges partner Claire Gill made an improper threat designed to silence criticism, raising serious questions about how elite law firms can become financial
Late last night, a federal jury in New York delivered an interesting decision in the fight against crypto‑enabled money laundering. Roman Storm, co‑founder of the Ethereum mixer Tornado Cash, was found guilty of operating an unlicensed money‑transmitting business—a conviction of a decentralized mixer operator in the United States. While the
Five Years of Silence: EFRI Demands DNB Report – for the Scam Victims and the StabIR License Review In September 2020, the Dutch financial supervisory authority, De Nederlandsche Bank (DNB), finalised a supervisory report on Payvision B.V. That report—according to official sources—confirmed serious and structural AML breaches, directly linked to
As digital payments surge across Britain, the UK has become Europe’s most advanced cashless society, processing more than 48 billion electronic payments in 2023 alone. But with this progress comes a sharp rise in “push payment” fraud (APP fraud), making robust consumer protection more vital than ever. The UK’s new
EFRI, a qualified entity under the Austrian Collective Redress Act (QEG), has been fighting online investment fraud across Europe. In this article, we expose Finleaks.com and Finleaks.media as a retaliatory defamation platform created by individuals connected to convicted cybercriminals. The site attacks EFRI and its leadership through false claims, personal
The European Commission’s recent ADR reform package —touted as a step forward—amounts to little more than regulatory window dressing. It tweaks reporting obligations, mandates faster response times, and modestly expands the scope of covered disputes. But it deliberately avoids the core issue: the absence of binding authority and enforceable obligations
In light of recent public commentary by William Schonewille (BarentsKrans), it is important to clarify the core facts in the aftermath of the Dutch class action against Airbnb—and to set the record straight about the roles played. The Lost WAMCA case against Airbnb! Since 2021 BarentsKrans – in specific William
Executive Summary An explosive whistleblower lawsuit reveals how Ernst & Young (EY) systematically enabled one of the largest money laundering operations in history, providing audit cover for a $100 billion criminal network operating through casino companies linked to Chinese organized crime syndicates. The case exposes how EY’s pattern of prioritizing
