Blackcatcard migration - difficulties with incoming/outgoing SEPA transfers

[cobewi8981]

Hello,
I'm having problems with incoming/outgoing SEPA transfers since last week. Crypto server is temporarily unavailable too. Is this a cause for concern? Are other blackcatcard customers having any issues these recent days?

 

[fintechwizard]

I would be concerned - as this appears at the same time of the release of such news : Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering.

My guess is that those events are connected.

 

[bigdaddyleon]

an incoming payment to my account was returned to the sender yesterday

 

[wellington]

I would be concerned - as this appears at the same time of the release of such news : Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering.

My guess is that those events are connected.

Oh boy never used it but suppose my KYC is now in the hands of the European Gestapo

an incoming payment to my account was returned to the sender yesterday

This happened around the same time Sam Bankman Fried purchased liquid exchange in Japan - funds were constantly reverting from their Taiwan merchant bank.

Usually there’s information behind the scenes - can be the person is a concern or the entity itself.

Note, they were fined in 2020 Papaya Ltd fined €279,756 in Malta over risk assessment and due diligence shortcomings - Money Laundering Bulletin

 

[JohnnyDoe]

The operation took place on 21 February. It is unlikely that something transpired a week earlier. It is also unusual that the websites of both papaya and blackcat remain online if they were the targets.
I have ordered a test transfer out of my blackcat account, the amount has been debited, let’s see on Monday if it arrives.

 

[user123434]

Yes incoming transfers are rejected.
But Crypto exchange was working 2 days ago for me.
They respond on live chat that they are changing Sepa transfer "partners"

 

[wellington]

Yes incoming transfers are rejected.
But Crypto exchange was working 2 days ago for me.
They respond on live chat that they are changing Sepa transfer "partners"

Probably like Advcash then who always appear to have a new fintrac license via another company

 

[Sols]

I would be concerned - as this appears at the same time of the release of such news : Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering.

My guess is that those events are connected.

Looks like Papaya (BlackCatCard) is connected.

Gżira firm is focal point of ‘large-scale’ investigation

Police this week carried out searches at e-money company Papaya in connection with the probe

timesofmalta.com

 

[wellington]

Anal scoping coming up.

Investigators are combing through Papaya’s list of account holders and transactions as part of the ongoing probe, sources told Times of Malta.

 

[JohnnyDoe]

Looks like Papaya (BlackCatCard) is connected.

Gżira firm is focal point of ‘large-scale’ investigation

Police this week carried out searches at e-money company Papaya in connection with the probe

timesofmalta.com

100 searches all over Europe and only 4 arrests (who? for what charges?); wrong persons named; russophobic allegations. Just an everyday op to protect freedom in Europe brought to you by the baltoids.

 

[wellington]

100 searches all over Europe and only 4 arrests (who? for what charges?); wrong persons named; russophobic allegations. Just an everyday op to protect freedom in Europe brought to you by the baltoids.

also for 4.5m EURO lol.

 

[JohnnyDoe]

also for 4.5m EURO lol.

Over the course of 9 years. 500k Eur per year.
This justifies “More than 460 police officers were deployed”. Paid also with my 100k€ annual taxes sent from Blackcat to Italy.

 

[icecold]

So time will show what's the up and down and if blackcatcard will be around in near future.

 

[wellington]

Blackcat paid a 280k fine only a few years ago (see above).

Own nothing, control everything, be happy era lol

 

[Hmmm]

Transfers still don't work. On feb 19 payment I received, but on feb 22 transfer was canceled.

What they say:

Dear customer, you can make operations with your payment card (cash withdrawal, payment).

We kindly ask you to temporarily refrain from making transfers until the SEPA payments provider switch is completed. Unfortunately, we cannot make the transfer manually. We have saved your request and will inform you as soon as the functionality is available again.

We appreciate you for understanding and apologize for any inconvenience this may cause.

 

[lavel]

Time to pause this service for some time until all is working again.

 

[Hmmm]

I would be concerned - as this appears at the same time of the release of such news : Over 100 searches and four arrests in Latvia, Germany, France, Italy and Malta against financial institution involved in money laundering.

My guess is that those events are connected.

You're right: Gżira firm is focal point of ‘large-scale’ investigation

 

[JohnnyDoe]

Payment was returned. Crypto service is suspended. Card not working.

 

[Alexmorgan]

Sorry for you all to have this

It was one of my options until they told me im not eligible to get the cards so i stopped

Some times you hate some events and it turns out that its for good

 

[JohnnyDoe]

Crypto service is working, I successfully withdrew my balance