The Austrian crypto trading platform XTrader24 (www.trader24.com) a/k/a CoinFinder (www.coinfinder.at) was founded by former police officers Christoph Gsottbauer and Markus Sperr. They also established the private investigation company PRM in Vienna, which worked for Wirecard. or private detectives, received a license from the Austrian Financial Market Authority FMA in June 2020.
Due to numerous, serious violations of the Austrian Money Laundering Act, the FMA revoked the license on 16 Dec 2021. The police officers behind XTrader24 are said to have spied on critics for Wirecard.
Such a warning from a regulatory authority should lead to public prosecutor’s office investigations. If regulatory findings uncover that a company like XTrader24 continuously and seriously violates the Money Laundering Act, it must file a criminal complaint. Consequently, law enforcement must prosecute the case under the respective Criminal Code, especially when the case is politically exposed, as is Wirecard.
Source: FinTelegram published on 29 Dec 2021.