EFRI’s Full Payvision Report: When Payment Infrastructure Becomes Fraud Infrastructure
EFRI’s Payvision Report: when payment infrastructure becomes fraud infrastructure
16 May 2026
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Asset Recovery in Europe in 2026: Strong on Paper, Broken in Practice
Today, EFRI sent a formal letter to the Ministry of Justice of North Rhine-Westphalia and to European institutions concerned with the rule of law, consumer protection and asset recovery. Here you can read the full letter (translation). We represent 62 victims from across Europe who have been waiting for more
12 May 2026
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ING Is Not the Exception — It Is the Warning Sign of Europe’s AML Failure
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
7 May 2026
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Payee Verification in EU Payments: Useful Safeguard, Limited Solution
Verification of Payee is one of the most praised anti-fraud tools in EU payments law. Under Regulation (EU) 2024/886 (IPR – Instant Payment Regulation), payment service providers must offer payers a service that checks whether the payee’s name corresponds to the payment account identifier before a euro credit transfer is
7 May 2026
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Will the New PSR Finally End the Questionable “Payment Agent” Model in Europe?
For years, high-risk merchants, offshore gambling operators and unlicensed online investment platforms have used a simple workaround to access European payment rails: insert an EU-based company into the payment chain and call it a “payment agent”, “payment processing agent” or “collection agent.” The model became popular for obvious reasons.
4 May 2026
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EU Payment Reform: Will the New PSR Weaken Refund Rights for Phishing Victims?
The new PSR compromise text preserves the immediate refund rule for unauthorised transactions on paper. But Article 56 may give banks a structured route to delay phishing refunds where they claim objectively justified suspicion of gross negligence. EFRI has long warned that Europe’s payment-fraud framework suffers from a structural protection
29 April 2026
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A New Circle Class Action: Can Crypto Infrastructure Be Part of the Escape Route
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
27 April 2026
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Cologne Court Convicts Rainer Treuer in B2G / P2P Case
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
27 April 2026
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From Scam Ads to Fraud Infrastructure: Why the New Meta Lawsuit Matters
A new lawsuit against Meta deserves attention well beyond the world of social media moderation. On April 21, 2026, the Consumer Federation of America filed a class action complaint and jury trial demand in the Superior Court of the District of Columbia, alleging that Meta misled D.C. users about the
23 April 2026
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FCA’s “modernised” redress system: a reform for efficiency, or a new filter against consumers?
The UK Financial Conduct Authority and the Financial Ombudsman Service have launched CP26/9, “Modernising the Redress System”, presenting it as a package designed to improve predictability, transparency and early intervention in consumer redress. The FCA says the aim is to create a smoother system for consumers while giving firms greater
21 April 2026
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