Wichtige Mitteilung an alle Betroffenen der Betrugssysteme Barak (Wolf of Sofia) und Lenhoff Wir – die European Funds Recovery Initiative (EFRI), ein in Wien eingetragener gemeinnütziger Verein zur Bekämpfung von Cyberkriminalität gegen Kleinanleger und Verbraucher – setzen uns seit mehreren Jahren aktiv für die Interessen von Opfern dieser Betrugssysteme ein.
A huge fine turns out to be a pure joke! København Andelskasse (now FS Finans VI A/S), which was heavily involved in facilitating cybercrime activities from 2016 to July 2018, has been fined DKK 794 million (€103 million) for laundering billions on behalf of international cybercriminal organisations. While this substantial
Report on the Call for Evidence about The Financial Conduct Authority The UK Financial Conduct Authority (FCA) has been exposed as a deeply flawed institution in a recent report by the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services. This investigation highlights systemic incompetence, alarming treatment of
We are thrilled to share some important news about EFRI (European Funds Recovery Initiative): Our application for the determination of compliance with the requirements of § 4a (4) EStG 1988 has been officially approved. The authorities have confirmed that EFRI fulfills the necessary criteria. Here you can find our entry
Here’s something banks don’t tell victims when they request a chargeback or refund for card payments after realising they’ve been scammed: if you transferred your funds via a credit card payment. Section 75 of the UK Consumer Credit Act 1974 creates joint liability between credit card providers and retailers for purchases
In recent years, several high-profile cases in the Netherlands have raised serious doubts about whether justice is applied equally to all. From cryptocurrency developers to board members of banks and payment companies, these cases reveal a troubling pattern: wealth and influence often seem to provide a shield, prompting many to
Recently, Wired featured a story about the massive growth rates of pig butchering scam victims worldwide. Scams have caused extensive financial and human damage worldwide. In 2023 alone, the FBI reported nearly $4 billion in losses (mostly involving cryptocurrencies), with global estimates exceeding $75 billion over time. The impact is
Today, 7 October 2024, the UK Payment Systems Regulator (PSR) implements new mandatory reimbursement protections for victims of Authorised Push Payment (APP) fraud. These rules aim to ensure that victims of bank transfer scams, where people are tricked into sending money to fraudsters, are reimbursed quickly and consistently by their
Due to the significant rise in online fraud, particularly in losses from Authorised Push Payment (APP) fraud in the UK, a new mandatory reimbursement scheme for APP fraud victims will be implemented. It introduces a legal requirement for payment service providers to refund victims for losses incurred when they are
On 11 September 2024, the 8th Global Conference on Criminal Finances and Cryptocurrencies, co-organised by the Basel Institute on Governance, Europol, and the UNODC, took place in Vienna. One of the primary topics of discussion was the increasingly concerning role of cryptocurrencies in the online gambling and casino industry. As
