Update On The High-Risk Payment Processor Group ECommPay!
Earlier this year, FinTelegram brought reports on the payment processor ECommPay, controlled by the Russian Alexander Spiridonov and his Latvian comrade Aleksejs Sjarki via legal entities in Cyprus, the UK, Latvia, and the Cayman Islands. ECommBX Ltd, regulated by the Central Bank of Cyprus as an EMI, and the FCA-authorized payment institution ECommPay Limited are part of the ECommPay group. Russia is still the most important market, the latest SimilarWeb data suggest. However, some related companies in Russia vanished over the last 12 months.