On April 1st, 2025, the European Commission introduced ProtectEU, a major new strategy aimed at enhancing security across the European Union. The initiative is designed to address rising threats such as terrorism, organized crime, cybercrime, and attacks on critical infrastructure. The strategy builds on previous efforts and integrates various tools
On September 11, 2024, the 8th Global Conference on Criminal Finances and Cryptocurrencies, co-organized 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
The United Nations has finalized a draft for a new cybercrime convention, marking the first multilateral anti-crime treaty in over 20 years and the first UN Convention against cybercrime. This draft, expected to be adopted by the General Assembly later this year, aims to become the first global legally binding
On 22 February 2024, the EU Council and the EU Parliament voted 28 to 26 to establish the new Anti-Money Laundering Authority in Frankfurt, Germany. This authority, anticipated in the highly regarded EU Anti-Money Laundering (AML) Package, is expected to play a crucial role in combating money laundering within the
Ruthlessness reaches a new high! Despite being aware of ongoing criminal proceedings for culpable money laundering, despite pledging to the Dutch prosecutor to try hard to remedy compliance shortcomings (under the oversight of DNB), and despite being very well aware of the dirty kind of business PAYVISION was in, ING
The Pursuit of Justice for Victims of Payvision/ING Since 2019, the European Fund for Retail Investors (EFRI) has championed the cause of over 300 victims, seeking reimbursements from PAYVISION, a wholly-owned subsidiary of ING, one of Europe’s leading banks. PAYVISION, akin to WIRECARD, facilitated numerous cyber trading platforms, acting as
Cybercrime has become a threat to our society! Recent data reveals an alarming rise in cybercrime, posing a significant threat to our global society. A comprehensive study conducted by the renowned digital industry association Bitkom, underscores the gravity of the situation. It indicates that cyberattacks, often linked to organized crime
Around 300 victims from all over Europe, coordinated and supported by EFRI, have been requesting restitution payments for their losses since they learned about the reckless and willful involvement of Payvision in Barak and Lenhoff´s online scams. Legal claims in Austria and Germany are already pending. Additionally, a larger group
As of March 23, 2023, the European Court of Justice published its judgment in the case GAL BARAK against the Bamberg public prosecutor´s office (Case C-365/2). The court ruled in favor of the German authority. In addition, the European court provided the German court with elements of interpretation of EU
In addition to the acquiring bank, issuing bank, and card association, the merchant frequently employs the services of a payment processor to facilitate this process and act as the technical interface between the merchant and the payment system. Here you will find a list of the payment processors working with
EFRI is the abbreviation for European Funds Recovery Initiative. The legal entity behind this Initiative is a not-for-profit organisation (EFRI-Association) registered in Vienna, Austria. Here you can Read More ABOUT US.
