Payment and E-Money Institution Liability in Investment Fraud

In investment fraud, the money is often transferred through payment and electronic money institutions. The obligations of these institutions are an important part of the process. The subject is covered below for information purposes.

⚖️ Obligations

Payment and electronic money institutions are subject, under the legislation, to obligations such as know-your-customer (KYC) checks, suspicious transaction reporting and record keeping. A breach of these obligations may bring up a liability assessment, depending on each case.

🔍 Tracing the Money

For the victim, establishing which accounts the money was transferred to, and requests for a MASAK report and account freezeTR, are important.

🛡️ From the Victim's Perspective

Preserving the transfer records and running the process quickly matter for the prospects of a refund.

❓ Frequently Asked Questions