As I noted below, the New York-based company Payoneer is linked to Israel in a number of ways, not least through it’s Israeli CEO, Yuval Tal, a former member of an elite combat unit of the Israel Defense Forces and former Vice President of Business Development for the Tel Aviv-based technology company, Radware. Tal describes how Payoneer operates in this video.
As Clayton Swisher notes:
Mr Tal did not exactly conceal his prior affiliations when he appeared on Fox News during the 2006 Lebanon war. He opined then that “this is a war that Israel cannot afford to lose”.
If Tal or his Payoneer firm are in any way involved in the conspiracy to help a foreign intelligence service (like, say providing Mossad operatives with credit cards), he may soon find himself in his own battle with little prospects of winning – in a US courtroom.
The Federal Bureau of Investigation (FBI) is the lead agency with statutory authority and responsibilities for investigating foreign espionage activities on US soil. It’s a job they take seriously and with a proven record of not shying away from the numerous instances when America’s special ally played foul.
As an initial inquiry, I imagine case agents will subpoena all financial records associated with the fraudulently issued credit cards. This would include the original credit card applications, which requires such things as a delivery address (to mail the card to), social security numbers, dates of birth, and employment information.
If the applications were made on paper, then the documents may contain all manner of evidence, from handwriting samples to fingerprints. There will be a similar trail to pore over if the applications were made over the phone or electronically via computer.
I also smell money laundering, as the money was supposedly dumped into prepaid accounts to conceal its purpose and origination. So US investigators may even want to tap in on the US treasury department’s crack financial investigator, Financial Crimes Enforcement Network (FINCEN).
Beneath an article about Payoneer appearing at TechCrunch, a commenter suggests: “payoneer is definitely in the legal gray area when it comes to the patriot’s act, anti-money laundering, and a host of other laws around ‘know your customer'”
Payoneer is meticulously compliant with all federal, state and MasterCard regulations, including AML, BSA, Patriot act, KYC etc. There is nothing grey about it. As a certified MasterCard Member Service Provider we undergo rigorous ongoing diligence related, among others, to our regulatory compliance level.
If Payoneer comes under investigation, the FBI and US government regulatory agencies will not simply take Tal at his word. They will want to know exactly how Payoneer cards could be used by individuals with false identification.