The Spanish regulator CNMV issued an investor warning against the broker scam InvestFlow a/k/a Invest Flow (www.invest-flow.io and www.investflow.trade). The scam is allegedly operated by Seabreeze Partners Ltd, which is registered in the Commonwealth of Dominica. Besides, the CNMV has also issued warnings against the broker scams Capital Pro Investments and EverestBTC. However, these are currently no longer active. At Investflow, we have discovered Piastrix and the Lithuanian duo of Epayblock and Ristema as payment processors.
As payment processors, we have discovered the Russian Piastrix with the Piastrix Wallet and Perfect Money. Bank transfers are handled by the illegal Lithuanian payment processor Ristema UAB via its bank account with the e-money institution Epayblock UAB, an e-Money Institution regulated by the Bank of Lithuania with the authorization code LB001911. The latter is being seen frequently as a scam-facilitating payment processor. Evidently, their compliance regiment doesn’t really seem to fit. The registered director of Ristema is Aleksej Zubcov.
As with other illegal Lithuanian payment processors (e.g. Skylas UAB), Ristema also issues invoices for services to be paid by the broker scam’s potential victim. This is how money laundering works. Epayblock has some of these illegal payment processors as clients and should take action in this regard.