FinTelegram Financial Intelligence
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Request 4 Information: Russian Activities And Money In Cyprus!
At FinTelegram News, we are committed to delivering accurate, in-depth, and unbiased financial intelligence to our readers. As part of our upcoming series on “Russian activities and money in Europe,” we focus on the significant presence of Russian entrepreneurs and investors in Cyprus. Recognizing the pivotal role Cyprus plays in hosting these individuals and their financial endeavors, we are reaching out to our vast network of insiders, experts, and concerned citizens for information.
Latest Updates
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U.S. Crypto Exchange Kraken Secured Two Regulatory Licenses in Europe!
In a significant stride for the crypto industry, Kraken, a globally recognized crypto platform, has announced two major regulatory achievements in Europe. The U.S. crypto exchange Kraken has successfully obtained authorization from the Central Bank of Ireland as an E-Money Institution (EMI). This is complemented by its registration with the Bank of Spain as a Virtual Asset Service Provider (VASP).
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Urgent Warning Against Broker Scam AlphaCapital And Fake Company Nexus LLC!
The Spanish regulator has recently issued a warning against the broker Scam AlphaCapital. It is allegedly operated by Nexus LLC, which is registered in St. Vincent & The Grenadines. This company does not exist in the company register there. Nexus LLC has already operated several other scams, such as Cuarto Capital. In addition, there is apparently also a connection to the Nigerian broker Berfam Markets. Stay far away.
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Business Insider reports on the EFRI lawsuits filed by scam victims against ING and Payvision!
FinTelegram has reported a number of stories since 2018 about Dutch FinTech Payvision's involvement as a payment processor in broker scams. Payvision was acquired by major Dutch bank ING in 2018 and continued its illicit activities. The European Fund Recovery Initiative (EFRI) has coordinated victim lawsuits against supporting payment processors like Payvision for years. Business Insider has now also reported on these lawsuits.
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Questionable Move: Crypto Exchange Binance Transfers Russian Operation To CommEX.
Binance announced an agreement to transfer its entire Russian operations to CommEX, a crypto exchange established as recently as September 26, 2023. The centralized crypto exchange is operated by CommEX Holding Limited, a company incorporated in the Seychelles. However, the terms of CommEX specify Hong Kong as the governing law. However, the important deal also raises questions.
Payment Processors
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Investor Warning Against Scam Broker Oro Markets Facilitated by Mercuryo and MoonPay!
The Spanish regulator CNMV warned against the broker scam Oro Markets earlier this week. It is allegedly operated by ECB7 Capital Ltd, registered in St. Vincent & The Grenadines. However, we have not found this offshore entity. It is likely to be a fake. Potential victims can lose their money via credit/debit cards and crypto. Payment facilitators are Mercuryo and MoonPay. Stay far away and protect your data and financial health.
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Payvision Victims Go After The Dutch Regulator DNB Over Refusal To Support Them!
FinTelegram readers are well aware that through the coordination of the European Funds Recovery Initiative (EFRI), the Dutch payment processor Payvision, now in liquidation, is being sued by victims of scams who made and lost their deposits through Payvision. An investigation conducted by Dutch regulator De Nederlandsche Bank (DNB) confirmed that Payvision supported scams and violated financial laws in the process. However, DNB does not want to make the report available to victims.
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Attention: Keler Group Broker Scam Vanished After More Regulatory Warnings!
The Keler Group broker scam has been active since early 2022 and, to the best of our knowledge, has ripped off thousands of consumers. Victims' deposits were processed via crypto payment processors such as Russian Mercuryo or AllCoinSwapper. Most recently, Swiss regulator FINMA placed Keler Group on its warning list following several reports by FinTelegram. It looks like the scam broker's website and the victims' money have vanished.
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Urgent Warning. The Portrades Broker Scam Still Attacks Consumers in Europe And North America!
FinTelegram has already issued a warning against Portrades broker scam in January 2023. The scam is still operating with various domains and is operated through the offshore company Signix Ltd in the Marshall Islands. Bulgarian companies Luko Solutions and Tera Solutions are payment processors for the victims' credit/debit card payments. Stay far away and protect your financial health.
Cybercrime Court Cases
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Strange: US regulator SEC Objected To Repayment Plan Of Bankrupt Crypto Lender Celsius Network!
The U.S. SEC has raised concerns over the reorganization plans of the collapsed crypto scheme Celsius Network, citing its ongoing legal battle with crypto exchange Coinbase. On September 22, the SEC voiced its reservations to the U.S. Bankruptcy Court regarding Celsius' fourth restructuring proposal. Coinbase Chief Legal Officer Paul Grewal took to Twitter to publicly challenge the SEC's view.
Regulatory Updates
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Sanctioned Russian Oligarch Alisher Usmanov And Strange Financial Transactions In UK Football Scene!
Everton Football Club's owner, Farhad Moshiri, reportedly received over £400m from companies linked to Russian billionaire Alisher Usmanov before Usmanov faced sanctions. According to The Guardian, Moshiri borrowed £145m from a Usmanov-owned company around 2020. Between 2018 and 2022, Moshiri sold shares worth about £270m in a company where Usmanov was the primary shareholder. They might have been gifted to him.
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Impressive: Binance Japan Partners With MUFJ To Leverage Japanese Stablecoin Project!
Mitsubishi UFJ Trust and Banking Corporation (MUFJ), Japan's premier banking group, and Binance Japan, the local subsidiary of the world's leading crypto exchange, have announced a joint venture to issue fiat-pegged stablecoins. This collaboration aims to leverage the "Progmat Coin" platform, spearheaded by Mitsubishi's trust bank, to facilitate the issuance and management of stablecoins pegged to the Japanese Yen on public blockchains.
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Investment Giant Franklin Templeton Ventures Into Bitcoin ETF Market
Franklin Templeton, a renowned global investment firm with roughly $1.45 trillion worth of assets under management, has recently submitted an application for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move places Franklin Templeton alongside other financial giants like BlackRock and Fidelity, who are also vying for the establishment of the inaugural Bitcoin ETF.
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European Funds Recovery Initiative (EFRI) is a non-government organization with the mission to support scam and cybercrime victims.
