Continent Pay Network: Unauthorized Payment Processor Intelli Global Ltd, TTVGAMES, and the Role of Klarna’s Sofort!

As part of our ongoing “follow-the-money” investigations into the online casino and gambling industry, we have identified Intelli Global Ltd, a UK-registered company, as a significant player in this high-risk environment. This review will focus on Intelli Global Ltd and its gaming platform, TTVGAMES, and will delve into the involvement of fintech unicorn Klarna and its subsidiary Sofort in facilitating payments for unauthorized online gambling operations.

Website Traffic Analysis

Our analysis of TTVGAMES.com reveals that the website attracted approximately 60,000 visitors in the past month. The majority of these visitors hail from European Economic Area (EEA) jurisdictions and the UK, with Germany accounting for over 38% of the traffic and France contributing more than 25%. Notably, Intelli Global Ltd does not possess the necessary licenses to operate in these regulatory regimes, raising significant compliance concerns.

Further scrutiny of the websites referring to TTVGAMES uncovered a troubling connection to the dark web.

Payment Processing and Continent Pay Network

TTVGAMES requires players to purchase chips or e-vouchers using either FIAT currencies or cryptocurrencies. Despite offering these services, Intelli Global Ltd lacks a license to operate games of chance. Our investigation did not find any licensing information for their gaming operations.

A critical discovery was the involvement of the Polish Continent Pay, an unregistered or unauthorized payment processor allegedly controlled by Israeli cybercrime mastermind Gery Shalon. Continent Pay’s cashier facilitates payments on TTVGAMES, allowing transactions via Klarna’s Sofort for bank transfers. This marks yet another instance of Sofort’s involvement in unauthorized gambling schemes, highlighting a serious compliance issue for Klarna.

Beneficial Ownership and Associated Entities

Andreea-Silvia Ion, the beneficial owner and director of Intelli Global Ltd, has a notable history in the payment industry, including involvement with cryptocurrency. She is also associated with other entities such as Estonian companies DavisFinance OÜ and Maxx Markets OÜ. The latter had a license from the Estonian FIU, archived in May 2021, listing Nikolay Stefkov Stoyanov as the beneficial owner.

Ion’s directorial and ownership roles extend to DGTL SRV Ltd, another London-registered company operating as DigitalServe (https://digitalserve.co), providing online technology and marketing services.

Read our Continent Pay reports here.

Klarna and Sofort’s Role in Illegal Gambling

The repeated involvement of Klarna‘s Sofort in facilitating payments for illegal gambling platforms like TTVGAMES and other unauthorized online casinos, including Atlantis Slots and PlayRegal, is alarming. This pattern raises questions about Klarna‘s corporate governance and due diligence processes in vetting its partners and ensuring compliance with legal and regulatory standards.

Compliance Conclusion

Intelli Global Ltd‘s operations in the high-risk online gambling sector facilitated through TTVGAMES, pose significant compliance risks. The company’s unlicensed status, coupled with its connections to dubious payment processors like Continent Pay and the repeated involvement of Klarna‘s Sofort in illegal gambling transactions, underscores the need for rigorous regulatory scrutiny and enforcement.

We have, therefore, added the Intelli Global scheme to our Red Compliance List.

Key Data TTVGAMES

Report Information

If you have any information about Intilli Global Ltd, a/k/a TTVGAMES, its operators, and facilitators, please let us know via our whistleblowing system, Whistle42.