Puretransfer operates as a high-risk B2B payment gateway, utilizing a Canadian MSB registration to facilitate transactions for unlicensed offshore casinos. Operating behind a veil of masking domains (e.g., checkout.puretransfer.io), the platform acts as the backend settlement engine for shadow-economy merchants while seemingly hijacking the corporate identity of a legitimate UK manufacturing firm to bolster its credibility.

R42 Risk Signal

• Traffic Light: 🔴 CRITICAL RISK

• Confidence Grade: A (Strong Technical & Corporate Evidence)

Key Data Table

Operational Overview

Puretransfer publicly markets itself as a global B2B payment solutions provider offering mass payouts, business current accounts, and direct payment processing without intermediaries. However, digital footprint analysis contradicts this clean, corporate facade. The gateway functions primarily as a high-risk payment rail, providing fiat-to-crypto and direct fiat deposit infrastructure for offshore, unlicensed iGaming platforms targeting global retail users.

Regulatory Framework

The platform holds an active Money Services Business (MSB) registration with FINTRAC in Canada. In the high-risk FinTech sector, Canadian MSB registrations are frequently utilized as “regulatory arbitrage.” Because MSB registration is a mandatory filing rather than a rigorous, capital-intensive financial license (like an EU EMI), high-risk processors use it to gain international banking access and project a false aura of strict regulatory oversight.

Ownership & Executives

The Ultimate Beneficial Owners (UBOs) of the Canadian entity (BC1247056) are completely shielded from public view by British Columbia’s provincial registry privacy rules. There are no publicly facing executives, founders, or compliance officers listed on their primary website or LinkedIn, representing a deliberate effort to obscure the operational controllers.

Corporate Structure

The operation relies on a deceptive dual-jurisdiction structure:

• The Banking Anchor: The Canadian entity (PURE TRANSFER LTD.) secures the FINTRAC registration, which is weaponized to open correspondent accounts and secure payment infrastructure.

• The European Front: The platform’s terms of service have previously cited a UK entity (Pure Transfer Limited). However, this appears to be a front designed to process European transactions or deceive acquiring banks.

Technical Footprint

Puretransfer does not operate as a standalone, direct-to-consumer checkout. It is the final settlement node in a multi-hop laundering architecture. Transactions are initiated on the casino’s cashier page, bounced through disposable traffic aggregators (like mellifera.tech or pliromy.com), and finally routed to checkout.puretransfer.io. This infrastructure is heavily shielded by Cloudflare to mask server locations and prevent direct IP tracing.

Merchant/Customer Footprint

Traffic intelligence actively links the puretransfer.io ecosystem to high-risk, offshore cryptocurrency and hybrid casinos. Known merchants utilizing this rail include:

• Merlincasino.com

• 26bet.com

• Shotz.com

• iwildcasino.io

• kryptosino777.com

• thorcasino2.com

Enforcement/Litigation History

There are currently no public enforcement actions or fines levied against the Canadian entity by FINTRAC. However, the platform has been actively flagged by FinTelegram and other open-source compliance intelligence networks for facilitating unauthorized gambling deposits.

Red Flags

• Corporate Cloning / Identity Hijacking: The UK company number (09318739) historically associated with Puretransfer’s European presence actually belongs to a legitimate, physical manufacturing company in Wales that produces sanitary hoses and gaskets for the pharmaceutical industry. This indicates the PSP hijacked a legitimate corporate identity to bypass basic KYC checks.

• Opaque Ownership: Total anonymity of directors and UBOs.

• MCC Manipulation: The use of intermediary routing domains suggests active Merchant Category Code (MCC) masking to hide gambling traffic from Tier-1 credit card networks.

• Unlicensed Merchant Base: Serving offshore casinos that lack EU/UK regulatory authorization.

Merchant Due-Diligence Checklist

For acquiring banks or B2B partners evaluating this entity:

• [ ] Demand UBO Verification: Require notarized passports and proof of address for the ultimate controllers of the Canadian entity.

• [ ] Investigate Corporate Hijacking: Demand an explanation for the operational crossover with the UK manufacturing firm (Co. No. 09318739).

• [ ] Audit Processing Volumes: Request a sector-by-sector breakdown of processing volumes to isolate iGaming and crypto traffic.

• [ ] Analyze Routing URLs: Require a full list of all frontend URLs and aggregator domains forwarding traffic to the puretransfer.io checkout environment.

Evidence Box (Sources)

• FINTRAC Registry: MSB License M20553159 (Active).

• Canadian Corporate Registry: BC1247056 (PURE TRANSFER LTD.).

• UK Companies House: Company 09318739 (Evidence of the legitimate gasket manufacturing firm).

• Web Traffic Intelligence: Semrush and Similarweb data linking to puretransfer.io.

Update Log

• February 22, 2026: Initial RatEx42 profile published. Risk status set to RED based on FinTelegram intelligence, MSB analysis, and evidence of corporate cloning.

Whistle42 Call to Action

Help Us Expose the Puretransfer Network. Are you a former employee, banking partner, or an insider with access to Puretransfer’s settlement data? We need actionable intelligence regarding their acquiring banks, real beneficial owners, and merchant processing agreements. Your anonymity is guaranteed. Submit your evidence securely at Whistle42.