The German regulator BaFin is not known for being particularly active or aggressive against illegal financial service providers or scammers. Unfortunately, that is what has made Germany a center for money laundering via illegal payment processors in recent years. On November 8, 2021, BaFin ordered the cessation and liquidation of the illegal payment processing activities of AliDa Consulting GmbH, El-Do-Buy Marketing GmbH, and Curpat GmbH.
All three illegal payment processors have a direct link to France.
AliDa Consulting GmbH, with the registered office in Cologne, Germany, was established as a marketing and trading company only in January 2021. Ali Dahmani, a Frenchman, is registered as a director. El-Do-Buy Marketing GmbH, also in Cologne, was founded in February 2021 and already dissolved in July 2021. Frenchman Wissam Elassad was registered as a director.
These payment processors used fake invoices and their bank accounts to process deposits from victims of various scams. Curpat GmbH is connected with the scam sites www.transition-energetique-aides.com or www.cell-taux-zero.com, which targeted french consumers.
