Not a day goes by without our research team discovering dozens of new scams and their payment processors. Today, the Austrian FMA warns against the Interactive Trading (www.interactive-trading.com) broker scam. This is operated through the offshore entity Advanced Software Solutions Ltd (a/k/a Innovative Software Solutions), registered in St. Vincent and the Grenadines. An Estonian company apparently handles the processing of payments.
The Interactive Trading broker scam against which the Austrian FMA has issued an investor warning is a typical white label solution from one of the many scam factories. It is easy to spot, but the aggressive boiler room agents behind the scams manage to lure money out of naive consumers time and time again.
In any rapid pre-KYC/AML check, it should be obvious to a payment facilitator that Interactive Trading is a scam. But they are still knowingly and willingly accepted as merchants.
While scam brands come and go, the payment facilitators behind them remain the same. An effective fight against cybercrime will only happen when regulators and law enforcement systematically crackdown on these payment facilitators.
