EFRI`s LETTER TO THE FATF!

EFRI Letter to FATF

As you read this blog post, the #Wirecard tsunami sweeps over Germany and destroys the reputation of the capital market and its institutions. The responsible authorities (mainly #BAFIN) and involved companies (mainly #EY Germany) are blaming each other and are trying to overcome the issue. The frightening truth is that Germany has a systemic problem with cybercrime and money laundering.

EFRI´s Wirecard Money laundering complaint

As the end of June 2020 Wirecard a DAX- listed Financial Service Company imploded. Wirecard has enabled fraudsters to receive and distribute illegal funds for more then two decades. They played a crucial part for the explosion of Cybercrime in Europe. Our story with Wirecard started back in 2016 when the founder of Fintelegram met […]

Follow the money!

As of today (June 29th, 2020) 820 victims from investment scams registered with EFRI with a loss of more than 34 mio Euro. As each victim delivered its deposit slips to us, we have been able to establish a summary what countries are the most favourable places for illegal payment service providers to offer their […]