The International Payment & Transaction Monitoring Association (IPTMA) presents itself as a self-governing body established to regulate and oversee payment processors and financial institutions. It claims to offer services such as dispute resolution, merchant certification, and AML/KYC compliance monitoring. However, official financial regulators have identified IPTMA as a fraudulent organization operating "recovery room" scams. These scams involve contacting victims of previous fraud, falsely claiming to have recovered their lost funds, and then demanding a fee for the release of the non-existent money.

Founded in

Australia