Investment and crypto scams have exploded across Europe. A polished website, a persuasive 'advisor', and a fake dashboard showing growing returns convince the victim to keep funding their account. The transfers feel legitimate because the victim believes they are investing.
Following the money
Behind the scenes, the destination is usually a mule account — often an individual's name with no connection to the trading brand the victim thinks they are paying. That is precisely the discrepancy Verification of Payee is designed to reveal.
Brand on the screen, stranger on the IBAN
When a victim believes they are funding a known platform but the account holder is an unrelated individual, a VoP 'no match' is a clear red flag worth surfacing prominently.
Turning the signal into protection
- 1 Run Verification of Payee on transfers to new payees, including 'investment' and 'trading' destinations.
- 2 Treat a mismatch on a high-value first transfer as a heightened-risk event.
- 3 Show the payer a clear, specific warning rather than a generic error.
- 4 Feed repeated mismatches to the same account into mule-detection workflows.
A real-time check at the moment of risk
RoxPay's Verification of Payee provides the real-time name check that lets banks and PSPs warn customers before they fund a scam, and helps surface the mule accounts these schemes rely on.