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
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
As representatives of EFRI, which advocates for over 1,600 victims of cybercriminals who made authorised card payments and bank transfers after being socially engineered by scammers, we write from direct experience with the devastating human cost of APP fraud. Many of these individuals lost their entire life savings and now
No surprise for us: ING has been supporting scams! On Monday Stichting Collectief Forward Gold Sale (“FGS”) filed a WAMCA -collective action – in the Amsterdam District Court against ING Bank N.V. and Bunq B.V..According to the writ of summons (registered under Article 1018c(2) Dutch Code of Civil Procedure) the
The European Funds Recovery Initiative (EFRI) has issued a formal letter to the Malta Financial Services Authority (MFSA)—with a copy to the European Banking Authority (EBA)—urging the regulator to urgently reassess the Electronic Money Institution (EMI) licence it granted to StablR Ltd. in June 2024. Background: a €200 million fraud story
AMLA launches with big promises! As of 1 July 2025, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has opened its doors in Frankfurt am Main, the seat fixed in the founding Regulation (EU) 2024/1620. Its first chair, Bruna Szega, and an executive board drawn from
EFRI represents 65 victims in their claims for refunds from P2P GmbH, which are pending before the German prosecutor in Cologne. If you have also transferred money to this account and have not yet filed a claim, please get in touch. Background In 2018, the criminal syndicate led by Barak,
