{"id":3313,"date":"2022-04-27T18:24:32","date_gmt":"2022-04-27T18:24:32","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?p=3313"},"modified":"2022-04-27T18:24:32","modified_gmt":"2022-04-27T18:24:32","slug":"uk-seizes-2-million-from-qpay-citing-links-to-150-million-illegal-online-gambling","status":"publish","type":"post","link":"https:\/\/www.newbettingsites.co\/uk-seizes-2-million-from-qpay-citing-links-to-150-million-illegal-online-gambling\/","title":{"rendered":"UK Seizes \u00a32 Million from QPay Citing Links to $150 Million Illegal Online Gambling"},"content":{"rendered":"
Financial regulators in the United Kingdom have seized a total of $2.57 million (\u00a32 million) from QPay Europe, a digital payments processor. According to the Financial Conduct Authority (FCA), the funds were claimed after it was discovered that they were proceeds of a US bank fraud equating to $150 million, which has been linked with illegal online gambling activity, as well as other transactions deemed to be of a \u201chigh risk\u201d.<\/p>\n
The FCA has clearly noted that it is not accusing QPay Europe of being involved in the conspiracy in any direct way. That being said, it did state that it has observed the company moving money \u201crepeatedly to different bank accounts in several countries\u201d, and this was what raised the red flag. The transactions taking place did not appear to be related in any way to any legitimate businesses, and this was what led to the seizure of the funds.<\/p>\n