Category: Central Bank of Cyprus

High-risk payment processor ECommPay in RusiaU
Categories
July 24, 2022

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.
Read More
Investor warning FXX Trader scam with BridgerpayI
Categories
March 5, 2021

Investor Warning against FXX Trader broker scam facilitated by BridgerPay

Cyprus is high on the list of evil payment processors that support cybercrime and its scams with their technology and services. As the responsible regulator, the Central Bank of Cyprus does precious little in the fight against these payment villains. These include the Israeli Ran Cohen and his payment processor BridgerPay, respectively. In the FXX Trader scam, the UK FCA has issued an investor warning against we have once again discovered BridgerPay. Relaxed regulators like CySEC and the Central Bank of Cyprus are fertile soil for cybercrime.
Read More