On February 12, the well-known ePayments payment system suspended its activity. Approximately one million platform users’ accounts have been frozen. Moreover, the company has announced the suspension of the opening of new user accounts. Such decisive forced measures were taken because in the present time an investigation is being conducted by the financial regulator of the United Kingdom (FCA). The agency has committed ePayments to start an active anti-money laundering (AML) activity.
A statement on suspension of activity has already been published on the company’s website. Appropriate notifications were sent to all users of the platform. In these notifications, the company explains the details of stopping its work and also assures that freezing accounts is temporary.
At the moment, any deposit or withdrawal via ePayments is prohibited. Money transfers and any kinds of payments are also not possible. ePayments cards are blocked.
We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.