Illegal Binance Financial Transactions with Fiat Money

The material is published with the support of Marcel Lee - for whom we express our gratitude. For the idea of influence on Binance casino in the legal field and data from the closed part of Binance (counterparties for fiat deposits, transfer details, merchant details) in euro, dollar, hryvnia and Russian ruble.

To begin with, when the problem described in the material Binance's fault in the amount of 86,000 USDT arose, there was a communication with Binance representatives through the Support Center. This particular ticket, which will be discussed, was created on May 8, 2019, as a result of communication, the following fragment of correspondence was:


 


Where, in addition to the usual story about Binance's fault in this conflict, we asked for quite open and public data, namely:


At that time, there was still no understanding to what extent Binance casinos were hiding around the world within the framework of their criminal activities and hiding in offshore companies, now we know how Binance exchange hides the legal structure from regulators and users. Previously, we saw through "rose-colored glasses" and believed in the infallibility of the service and its guarantees, reliability and believed that any problem would be solved - believe we are VIP traders with large capital and balance, it turned out that we are just a "cash cow”, nothing more. Returning to the main topic of the article - the data that we requested, in principle, is not secret or confidential, this is the usual set that you need to know about a business partner - a legal entity, jurisdiction, address, office, management - well, at least, especially when it comes to capital which is not small. The answer was “awesome”:


In principle, we got what - we wrote about later in the material Binance does not answer questions about the legal and physical location. The Binance underground casino is hiding as much as possible to avoid lawsuits, problems with regulators and law enforcement agencies - for the time being. Please note that the Support Center in clear text declares (and nothing has changed over the past 2 years) - that they do not have, never had and never will have any licenses, because they are allegedly not a fiat currency exchange. But it was so until the moment when in the Personal Area of Binance appeared the sections - Input and Output (of fiat money), not speaking yet about P2P exchanges - it will be left for the next article.

Fiat money on Binance

That is, at the moment - Binance is still hiding its location, running from regulators around the world, including deceiving regulators in the United States, does not have a license to work with investors, with financial instruments in any country in the world, but at the same time it is already working with fiat currencies. But how? Previously, one could have nothing and work from the basement in the middle of nowhere, because they did not work with fiat money, now the Binance casino works with them and still continues to work from the unknown basement. We consider this a violation of all financial laws and payment processing rules, at least in VISA systems, in the banking environment, in MasterCard, in those financial merchants that bill such transactions and are intermediaries in the transfer of funds - although, I repeat, Binance does not have a license for financial activity (in general, for any activity with finance, crypto, trade), but at the same time manages to accept funds in fiat form.

Let's look at what fiat currencies are used to deposit and withdraw funds, who is the intermediary and billing of these operations, and where complaints about such criminal activity should be sent, in addition to the main complaints by country and regulators (we thank Marcel Lee for the material):


Euro:
- SEPA bank transfer (via ClearJunction service)
Information about this appeared in August 2020 Zero Deposit Fee Promotion For Bank Transfers With Clear Junction. ClearJunction is a British payment service that went into operation in Ukraine - apparently (they noticed Binance's love for the state of Ukraine for a long time, starting with lawyers from Yuscutum Consulting LLC, apparently it's easier to do their dirty business there). Naturally, you need to complain to the UK regulators and send the complaint to the bank itself. The official website of Clearjunction.com.


- Bank card Visa/MasterCard

- iDEAL
Information about this appeared in late 2020 iDeal promotie: koop nu gratis Bitcoin en andere crypto met iDeal. iDEAL is also a European (Netherlands) payment system. Ideal.nl/en is the official website. Complain directly to the Dutch regulators and to the service itself.

- Advcash.com
A popular offshore payment system in Belize. The official website is Advcash.com. Complain directly to the international organizations and the service itself. It is possible to dig deeper; register at Advcash.com, see what payment systems and banks they are working with and complain directly to these financial institutions (the material will be added to the article); considering that the service is actively working with banks in CIS countries and Europe as well - the effectiveness should be high.

- Etana Custody
Yet another intermediary payment system. It has offices in the USA and New Zealand. Also the system was added in the middle of 2020 on Binance - Etana User Guide. The official website is Etana.com. Complain directly to US and New Zealand regulators and to the service itself.


Dollars (USD):
Updated 11.06.2021: Denial of service: Silvergate Bank stopped cooperating with Binance casino

- Silvergate Bank (SWIFT). The bank is located in the United States, although the address in Seychelles is part of Silvergate Capital Corp. Given the US ban on Binance, this is a good opportunity to report violations. Official website is Silvergatebank.com. Complain directly to US regulators and to the service itself. Interestingly, the recipient is Key Vision Development Limited - it is necessary to collect data on what relation this legal entity has to the Binance casino.


- Silvergate (SEN)
Available only for corporate clients, but apparently has a direct relationship to Silvergate Bank – it is the same thing.


Russian rubles (RUB):
- Bank card Visa/MasterCard

- Advcash.com
A popular offshore payment system in Belize. The official website is Advcash.com. Complain directly to the international organizations and the service itself. It is possible to dig deeper; register at Advcash.com, see what payment systems and banks they are working with and complain directly to these financial institutions (the material will be added to the article); considering that the service is actively working with banks in CIS countries and Europe as well - the effectiveness should be high.

- Payeer.com
The payment system is registered partly in Europe - Estonia, partly in the offshore Vanuatu. Fincana Limited and Paycorp Limited.
Financial services in the EU are provided under the jurisdiction of Fincana Limited, the financial license "Ministry of Economic Affairs and Communications (MEAC) Virtual Currency Service License # FVT000136" dated 17.09.2020 was issued by the Ministry of Economy and Communications of Estonia. For the rest of the world, financial services are provided under the jurisdiction of Paycorp Limited, financial license "Financial Services Commission (VFSC) License # 15068 under Financial Dealers Licensing Act." dated 06.19.20 issued by the Vanuatu Financial Services Commission.

It is noteworthy that: You can top up your Payeer wallet in cash at the office. Details by phone: +7 966 118-88-17 (Telegram, SMS, WhatsApp). Address: Moscow, Presnenskaya emb. 12 (Moscow City, Federation Tower). Good information for Russian law enforcement agencies and regulators, especially in the context of the latest developments in the online casino market in Russia.

Official website Payeer.com/ru/. Complaining directly to regulators in Estonia and Europe, complaints are allowed to regulators in Russia and international organizations, including US regulators and the service itself.


Ukrainian Hryvnia (UAH):
- Bank card Visa/MasterCard
Through the intermediary SettlePay, a Ukrainian provider of financial services for gaming (apparently, Binance finally admitted that they are not an exchange, but a gaming casino). The official website Settlepay.net. The complaints should be sent directly to SettlePay service, regulators in Ukraine and directly to VISA and MasterCard.

- Advcash.com
A popular offshore payment system in Belize. The official website is Advcash.com. Complain directly to the international organizations and the service itself. It is possible to dig deeper; register at Advcash.com, see what payment systems and banks they are working with and complain directly to these financial institutions (the material will be added to the article); considering that the service is actively working with banks in CIS countries and Europe as well - the effectiveness should be high.

- GEO pay
Ukrainian payment system, registered in Estonia, the company GEO DEVELOPMENT OÜ. In Ukraine, it operates on behalf of Trade Development Ltd. (TENDRPOU code 41980885). It is important that the "payment system" does not have a license from the National Bank of Ukraine (NBU), which already puts under doubt its legal work in Ukraine, the list of companies which have licenses is available on the website of NBU (84 companies). The official website Geo-pay.net. Complaints should be sent directly to GEO pay service, regulators of Ukraine and regulators of Estonia (EU). If there is no reaction, the complaints should be sent to the services through which GEO pay makes it possible to deposit their balances, namely Settlepay, Easytransfer, Kuna Pay, CrossPay.

It is interesting that the account in GEO pay registered on Binance has a Ukrainian mobile number:
 


Australian dollar (AUD):
- PayID
Payment system available only for Australia and its residents. The official website Payid.com.au. To complain directly to Australian regulators and the service itself.


Brazilian Real (BRL):
- Capitual
Bank transfer through the intermediary Capitual, most likely only works for Brazil and its residents. The official website is Capitual.com. Complain directly to Brazilian regulators and the service itself.


Pound Sterling (GBP):
- Bank card Visa/MasterCard

- Faster Payments
The payment system in UK. The official website is Fasterpayments.org.uk. Complain directly to UK and EU regulators and the service itself.



Ghanaian Sedi (GHS): 
- Mobile Money
The used Service is (American) Flutterwave.com. The official website is Flutterwave.com. Complaints should be sent directly to Flutterwave.com service directly and to US regulators, the service is located in San Francisco.


Hong Kong Dollar (HKD):
- Bank card Visa/MasterCard


Kenya Shilling (KES):
- Mobile Money
The used Service is (American) Flutterwave.com. The official website is Flutterwave.com. Complaints should be sent directly to Flutterwave.com service directly and to US regulators, the service is located in San Francisco.


Kazakhstan tenge (KZT):
- Advcash.com
A popular offshore payment system in Belize. The official website is Advcash.com. Complain directly to the international organizations and the service itself. It is possible to dig deeper; register at Advcash.com, see what payment systems and banks they are working with and complain directly to these financial institutions (the material will be added to the article); considering that the service is actively working with banks in CIS countries and Europe as well - the effectiveness should be high.


Nigerian Naira (NGN):
- Bank transfer to RUBIES BANK.
The used service is (American) Flutterwave.com. The official website is Flutterwave.com. RUBIES BANK itself is located in Nigeria, the official website is Rubies.ng. Complaints should be sent directly to the bank and regulators of Nigeria, in parallel to the service Flutterwave.com directly and to regulators in the United States, the service is located in San Francisco.



Norwegian Kroner (NOK):
- Bank card Visa/MasterCard


Peruvian Sol (PEN):
- Bank card Visa/MasterCard


Turkish Lira (TRY):
- Advcash.com
A popular offshore payment system in Belize. The official website is Advcash.com. Complain directly to the international organizations and the service itself. It is possible to dig deeper; register at Advcash.com, see what payment systems and banks they are working with and complain directly to these financial institutions (the material will be added to the article); considering that the service is actively working with banks in CIS countries and Europe as well - the effectiveness should be high.

- Papara.com
Turkish service Papara. The official website is Papara.com/en/. Direct complaints to Papara.com service and Turkish regulators.


Ugandan Shilling (UGX):
- Mobile Money
The used Service is (American) Flutterwave.com. The official website is Flutterwave.com. Complaints should be sent directly to Flutterwave.com service directly and to US regulators, the service is located in San Francisco.


Vietnamese Dong (VND):
- Bank Transfer (Vietcombank).
A bank transfer to Vietcombank is used. The official website Vietcombank. Complaints should be sent directly to the bank and in parallel to the Vietnamese regulators.


Additional services, supporting Binance casino

In the analysis of the output and additional services (say, the purchase of cryptocurrency for fiat) uses a number of other "intermediary partners", such as:

- Yandex.Money (currently suspended).

- Simplex.com
Billing for credit cards and bank transfers. The official website is Simplex.com. The service is registered in Lithuania (Vilnius), complaints should be sent directly to the service and Lithuania, additionally to the European regulators. Israel startup, you can also send complaints to the Israeli regulator.

- Banxa.com
Billing for credit cards and bank transfers. The official website is Banxa.com. The service is registered in Australia, complaints are sent to the service itself and Australian regulators.

- Mercuryo.io
Billing for credit cards and bank transfers. The official website is Mercuryo.io. The service is registered in UK and Estonia. Complaints should be directed to the service itself, in parallel to the UK and Estonian regulators, including the European regulators.

- Wazirx.com
A startup that was bought by Binance in India. Complaints should be sent directly to regulators of India.

- QIWI
Already refused to cooperate with Binance casino. Denial of service.


What to do?

Screenshots (for the story) are published below (of all recharge options). What else to add? In principle, without registration and regulation in any country, having no financial or other license for its criminal activity, Binance Casino manages to receive fiat money through a number of "intermediaries and partners". What to do in this situation - you probably already understood - to send a complaint to these very "intermediaries and partners", the regulators of their countries, and most importantly to Visa and MasterCard. For more details on where to send your complaint, we publish in the section File a Complaint: Countries and Organizations.


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