The Canadian Connection: CenturaPay Red-Listed as Shadow Payment Rail for Offshore Casinos and MiFinity Schemes

The Canadian MSB CenturaPay (Canamoney Exchange Ltd) has been slapped with a Red Risk Signal on RatEx42. Investigations reveal its pivotal role as a high-risk payment agent, facilitating illegal offshore gambling deposits by piggybacking on the infrastructure of established processors like MiFinity. As regulators tighten the noose, the “Canadian Bridge” is beginning to buckle.

Analysis: CenturaPay, MiFinity, and the Architecture of Obfuscation

The recent Red Listing of CenturaPay on the RatEx42 compliance platform is the result of a multi-month forensic deep-dive into the “Stellar” and “Spinbara” casino groups. Our findings establish a direct operational link between the Canadian-registered Canamoney Exchange Ltd and the notorious high-risk payment processor MiFinity.

1. The MiFinity Mutualism

FinTelegram has identified a recurring pattern where MiFinity, an FCA-regulated e-wallet, is used as a “trusted front” for gambling deposits. However, when the “Direct Bank Transfer” or “Crypto-on-Ramp” options are selected within the MiFinity environment or alongside it in a casino’s cashier, CenturaPay often appears as the underlying settlement agent.

• The Tactic: CenturaPay utilizes its Canadian FINTRAC MSB license to provide the “fiat-to-crypto” bridge. By processing the transaction through a Canadian entity, the gambling-related Merchant Category Code (MCC) is stripped and replaced with a “Currency Exchange” or “Digital Asset Purchase” descriptor.
• The Benefit: This allows high-risk operators to process funds from “blocked” jurisdictions like Germany and Italy while maintaining the appearance of legitimate financial activity through MiFinity’s regulated rails.

2. Why the Red Listing?

The RatEx42 Red Signal for CenturaPay is driven by three critical factors:

1. Systemic Masking: The deliberate use of misleading transaction descriptors to bypass banking AML filters.
2. Regulatory Arbitrage: Exploiting the relatively lax oversight of Canadian MSBs to facilitate European gambling deposits that would be illegal under MiCA or national laws.
3. Entity Overlap: CenturaPay has been found in the same “payment cascades” as utPay and CoinsPaid, both of which were recently suspended or liquidated following regulatory intervention.

3. The “Stellar” Influence

Our traffic intelligence indicates that CenturaPay is a preferred “dark rail” for the Stellar Group of casinos. These casinos use a rotating fleet of “mutated domains” to stay ahead of ISP blocks, but the underlying payment infrastructure—the CenturaPay API—remains a constant, providing the liquidity needed to move millions in player deposits every month.

Call to Action: Players and Insiders

FinTelegram and RatEx42 are actively mapping the bank accounts and settlement routes used by Canamoney Exchange Ltd (CenturaPay) and its partners.

• To Players: Have you deposited funds into an online casino (e.g., Frumzi, FatPirate, Spinbara) where CenturaPay or Canamoney appeared on your bank statement or credit card bill? Please send us a screenshot of the transaction descriptor.
• To Insiders: Do you have information on the fee-sharing agreements between CenturaPay and high-risk processors like MiFinity? Are you aware of the specific liquidity providers CenturaPay uses for its crypto on-ramps?

Submit your evidence anonymously via the Whistle42.com whistleblower platform. Every piece of data helps us bring transparency to the shadow banking world.