In fairness, Blindboy Boatclub voiced his suspicions about these sort of premises in Limerick on his podcast about two months ago.
Sky · Hundreds of barbers, car washes and American sweet shops raided in money laundering crackdown
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oh look, another #fintech bankruptcy involving Evolve Bank & Trust.
some other fun places Evolve has popped up:
1. issuer of #FTX and #BlockFi debit cards (before those companies blew up and customers lost all their money)
2. #GeorgeSantos and #AndyOgles held their campaign money at Evolve
3. #Synapse bankruptcy which cost customers of a bunch of fintech "banks" like #Yotta most if not all of their money
4. Partnered with "anti-woke" fintech #GloriFi
5. Got hacked by Russia midway through Synapse bankruptcy proceedings
6. Anonymous crypto debit card issuer for #ZELF
7. Frequently found to be the bank used by #pigbutchering fraudsters
8. Sanctioned by federal reserve for #moneylaundering
The fact that Evolve has not been shut down is insane. Banking system cannot survive if these kinds of bad actors roam free like the wind.
* more on Evolve: https://fintechbusinessweekly.substack.com/p/evolves-problematic-partners-bankruptcies
* even more: https://fintechbusinessweekly.substack.com/p/evolve-hit-with-fed-enforcement-action
Join us for an exclusive event exploring the findings behind our latest cross-border investigation into financial scam networks #ScamEmpire. In this live OCCRP Briefing, journalists who broke the story will explain why #KYC and #AML safeguards failed to stop it: https://mailchi.mp/occrp/occrp-briefing-the-future-of-anti-corruption-efforts-2765977
Join us for an exclusive event exploring the findings behind our latest cross-border investigation into financial scam networks #ScamEmpire. In this live OCCRP Briefing, journalists who broke the story will explain why #KYC and #AML safeguards failed to stop it mailchi.mp/occrp/occrp-...
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@expertenkommision_cyberunfall @dideldum @leachimus @EUCommission @BaFin @ecb
Dass dies technisch möglich ist - inkl. Einhaltung von #Identifikationspflichten (#KYC) und #Geldwäscheprävention (#AML) beweisen Zahlungsdienstleister wie #NowPayments regelmäßig!
- Natürlich sollte hierzu eine öffentliche, kosten- und patentfreie #Europanorm geschaffen werden, welche entsprechende #API|s definiert, inklusiver verpflichtender #Testing-Endpoints.
Und natürlich nicht mit irgendwelchem #Blockchain-Müll, dafür #dezentral, #P2P mit Förderation (vgl. Fediverse)...
- Dazu dezentrale Architektur mit "Web of Trust" um effektiv Missbrauch und Akteure dessen zu bekämpfen.
Die Technologien dazu existieren...
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@leachimus #EU-only wäre prinzipiell eine Totgeburt, weil nur globale Verfügbarkeit taugt...
- Deswegen kennt kaum wer hierzulande Mir, UnionPay, JCB oder Discover, aber jeder AMEX, VISA, MasterCard & PayPal!
#Datenschutz ist wegen #KYC & #AML illegal bei #Zahlungsdienstleister|n!
- Deshalb ist #Monero auch der wahre Gewinner...
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@kuketzblog das größte Problem si d #Zahlungsdienstleister.
- Wer mit mit "#wero statt #PayPal!" kommt, kauft offensichtlich nirgendwo online ein und außerhalb der #EU ist dies genauso wie #SEPA keine Option, sondern allenfalls lokale Nische alla #AliPay / #WeChatPay und nicht global verfügbar.
Merke: rein regionale oder gar nationale Lösungen sind keine Alternative zum #VISA / #MasterCard / PayPal - #Tripol und sowohl #Stripe als auch #Klarna sind nicht wirklich konkirrenzfähig.
- #WasFehlt ist eine genormte, globale #Payment-#API aber dazu wird es wegen #Gier, #KYC & #AML nie kommen…
Eher werden wir #Monero als #Zahlungsmittel beim Durchbruch in den globalen Mainstream sehen!
Undermining the presumption of innocence by reversing the burden of proof is an ‘innovation’ according to the EU AML/CFT Global Facility #ruleoflaw #AML #CFT
Ellen Timmer - juridische artikelen en berichten · Undermining the presumption of innocence by reversing the burden of proof is an ‘innovation’ according to the EU AML/CFT Global FacilityIt is sad to see that the European organisation that is internationally promoting the fight against money laundering and terrorist financing, the EU AML/CFT Global Facility, considers the reversal …
Replied to ⚯ Michel de Cryptadamus ⚯
@cryptadamist @KimPerales OFC.
- I mean I'm pretty shure that wallet is some "cold wallet" (or "paper wallet") they generated to make it basically impossible to seize.
Obviously the ultimate beneficiaries propably need to figure out a way to do the #ShitcoinLaundering over time or find buyers willing to take #filthy #Bitcoin off their hands that'll instantly get flagged by any #Shitcoin - #AML tool there is...
- I mean, $700M will exceed the liquidity of even the biggest non-#KYC #Exchange site for months if not years to the point that even #NorthKorea would be unable to handle that volume.
Whoever is behind this must have some #Marsallek - Style "Business Network" or is going to spend several years sitting on it and casually siphoning parts for tumbling once it isn't in the immediate focus of #Blockchain #Analytics experts and #LEA|s...
- Obviously even if the person in control is gonna sell off at 2,5% the value that's enough money to basically buy citizenship anywhere and add a lot of plastic surgery on top for good measure... At 5% they'd not even need to ever work if they don't blow it on luxury cars & overpriced real estate...
Chances are pretty high the one in control is chillin' in #Dubai and speaks Russian...
Privacy First: Wie krijgen toegang tot het UBO-register? | de hete aardappel is doorgeschoven #uboregister #AML #CFT
Ellen Timmer - juridische artikelen en berichten · Privacy First | Wie krijgen toegang tot het UBO-register? | de hete aardappel is doorgeschovenBurgerrechtenorganisatie Privacy First publiceerde naar aanleiding van het aannemen van het ubo-register wetsvoorstel het volgende artikel: Wie krijgen toegang tot het UBO-register? Wetsvoor…
Routledge & CRC PressMass data surveillance and predictive policing: Contested Foundations and Human Rights ImpactThis book critically assesses legal frameworks involving the bulk processing of personal data, initially collected by the private sector, to predict and prevent crime through advanced profiling technologies. In the European Union (EU), mass data surveillance currently engages three sectors: electronic communications (under the e-Privacy Directive), air travelling (under the Passenger Name Records Directive), and finance (under the Anti-Money Laundering Directive), and increasingly intersects wit
Bits of Freedom: "De Minister van Financiën (...) wint de de Big Brother Award vanwege het maken van beleid dat indirect leidt tot privacyschendingen en discriminatie door financiële instellingen. Als het aan ons ligt, moet de minister het maatschappelijke belang voorop zetten en financiële instellingen niet langer een perverse prikkel geven om het onschuldige klanten onnodig moeilijk te maken" #Wwft #AML #CFT
https://www.bitsoffreedom.nl/2025/02/13/big-brother-awards-2024-de-winnaars/
Bits of Freedom · Big Brother Awards 2024: de winnaarsHet is zover: de grootste schenders van onze digitale rechten in 2024 zijn bekend! Van de vier genomineerden koos het publiek overtuigend met 40 procent van de stemmen voor de Minister van Financiën. De vakjury koos voor de nominatie van DPG Media.
Social media profiles often reveal more than we think.
User-generated content can highlight lifestyle indicators and financial patterns making it a rich source of information for money laundering investigations. 
Learn more about using SOCMINT for AML: https://bit.ly/3Q7DHrz
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@dave and most worringly:
"How is any #bank allowed to open up accounts, Issie a #CreditCard and ship it without explicit prior consent of you as the customer who's name it's on?"
- I mean, I know the #USA is pressing other Juristictions into #KYC & #AML whilst #CashApp & #Venmo are illegal in the #EU for lack of KYC & AML compliance alone...
Like ain't they afraid someone may steal it and swipe a shitload of stuff with it?
De gemaakte kosten voor naleving van de Sanctiewet en Wwft voor schade- en levensverzekeringen wegen niet op tegen het minimale resultaat #Wwft #AML #CFT
FD:
https://fd.nl/financiele-markten/1543253/een-dure-controle-van-klanten-met-weinig-rendement
FD.nlEen dure controle van klanten met weinig rendementDe gemaakte kosten voor naleving van de Sanctiewet en Wwft voor schade- en levensverzekeringen wegen niet op tegen het minimale resultaat.
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@GrapheneOS instead I'm vonvinced this violate #EU #DigitalMarketsAct and #DeviceFreedom as per @EUCommission ...
- Tho I guess #Revolut - like #CadhApp & #Venmo - don't operate in the #EU as they refuse to comply with #ConsumerProtection, #AML & #ITsec as well as #DataProtection standards!
Am i the only one who sees a pretty obvious contradiction here?
The War On Some Fun Drugs is an absolute farce.
Hi, I'm Magnus. Pretty new on here, but not entirely: I had an account on #MastodonSocial, but that sucked. Before that I was on Twitter for some years as The Money Machine (@para_paramoney).
I recently quit my bank job ( #KYC/ #AML) and moved from #Copenhagen to #Svendborg into a #collective housing situation with 11 new comrades, in a giant house in the forest.