Payvision settlement agreement

Booker and Cheng`s fined for massive KYC-failures!

On April 5, 2024, the Dutch Prosecutor announced that the criminal charges against Payvision´s board members were settled out of court.  Booker and his collegue Cheng Liem Li were found to have (2016 – April 2020) structurally and for many years violated the European Know your Customer rules and accepted

Read More »
Letter to EBA

DNB´s strange non-disclosure approach for the Payvision case

Payvision BV,  a 100% entity of ING Bank NV (one of the biggest bank in Europe) was identified by the Austrian law enforcement agency as being the main payment processor for a vast criminal organization headed by Gal Barak, Gery Shalon, Uwe Lenhoff and others. Payvision willfully, and ruthlessley violated

Read More »
ING is phasing out PAYVISION

Another Open Letter to ING and DNB about PAYVISION!

The phasing out process of PAYVISION ends today (June 30, 2022)! On October 28, 2021, ING announced that it would start phasing out the business activities of its subsidiary PAYVISION as a payment service provider (PSP) and acquirer. According to the announcement, this was done after a thorough evaluation of

Read More »
EBA to start to do a proper job

EBA has finally to do a proper job!

In preparing the civil legal claims against PAYVISION B.V., we dig deeply into the criminal files for Option888 and the Wolf of Sofia. We learn a lot about how these fraudulent schemes work. In addition, we also know a lot about the enablers of these enormous fraudulent activities. Unscrupulous regulated

Read More »