CenturaPay Red-Listed as High-Risk Payment Rail for Offshore Casinos and MiFinity-Linked Schemes

The Canadian-registered MSB CenturaPay, operated by Canamoney Exchange Ltd, has been assigned a Red Risk Signal on the RatEx42 compliance platform. A detailed investigation uncovered its central function as a high-risk payment intermediary, allegedly enabling offshore gambling operators to accept deposits by leveraging the infrastructure of established processors such as MiFinity.

As regulatory scrutiny intensifies across Europe and beyond, what insiders have dubbed the “Canadian Bridge” is facing increasing pressure.

Analysis: CenturaPay, MiFinity, and a Layered Payment Structure

The Red Listing of CenturaPay followed a multi-month forensic review focused on the “Stellar” and “Spinbara” casino networks. Evidence gathered during the investigation reveals a direct operational nexus between the Canadian entity Canamoney Exchange Ltd and the well-known high-risk payment processor MiFinity.

1. The MiFinity Symbiosis

Scam-Or Project identified a recurring structural pattern involving MiFinity, an FCA-regulated e-wallet frequently presented as a compliant payment solution for online gambling deposits.

However, when users select options such as:

• “Direct Bank Transfer”
• “Crypto-on-Ramp”

either within the MiFinity interface or in parallel within casino cashier systems, CenturaPay frequently appears as the underlying transaction settlement entity.

Mechanism Observed

CenturaPay relies on its Canadian FINTRAC MSB registration to act as a fiat-to-crypto conversion bridge. Transactions processed through its infrastructure reportedly undergo descriptor modification:

By reclassifying transaction data, the gambling-related Merchant Category Code (MCC) may be effectively removed.

Operational Impact

This mechanism allows high-risk operators to accept funds from jurisdictions such as Germany and Italy, where gambling or crypto-gambling flows may face regulatory limitations, while preserving the outward appearance of legitimate financial processing via MiFinity’s regulated framework.

2. Drivers Behind the RatEx42 Red Signal

The RatEx42 Red Risk classification of CenturaPay is reportedly based on three principal findings:

• Systemic Masking

The consistent use of transaction descriptors that obscure the true nature of gambling payments, potentially circumventing banking AML monitoring systems.

• Regulatory Arbitrage

Utilization of Canada’s MSB regime, which may provide comparatively lighter supervisory oversight compared to EU regulatory standards such as MiCA or specific national gambling restrictions.

• Entity Convergence

CenturaPay has been identified within payment routing chains alongside utPay and CoinsPaid — both of which experienced suspension or liquidation following regulatory action.

3. The “Stellar” Casino Network Connection

Traffic and transaction flow intelligence suggests that CenturaPay functions as a recurring backend payment rail for the “Stellar” Group of casinos.

These casino brands reportedly deploy:

• Rotating and frequently changing “mutated domains”
• Rapid domain migration strategies to bypass ISP blocking measures

Despite the constant brand and domain shifts, the CenturaPay API infrastructure appears to remain a stable payment backbone, enabling substantial monthly player deposit volumes.

Ongoing Investigation and Information Request

Scam-Or Project and RatEx42 are currently analyzing:

• Settlement pathways
• Banking correspondents
• Liquidity providers
• Crypto on-ramp partners

associated with Canamoney Exchange Ltd (CenturaPay) and related processors.

For Players

Have you deposited funds with online casinos such as:

• Frumzi
• FatPirate
• Spinbara

and observed CenturaPay or Canamoney appearing on your bank or credit card statement?

Screenshots of transaction descriptors can assist in ongoing analysis.

For Industry Insiders

Relevant information includes:

• Revenue-sharing arrangements between CenturaPay and processors such as MiFinity
• Liquidity sources used for crypto conversion services
• Internal compliance or risk mitigation procedures

Evidence may be submitted anonymously via the Scam-Or Project whistleblower section.

Each verified data point contributes to greater transparency within the cross-border high-risk payment ecosystem.