This week, the Austrian Financial Market Authority FMA issued an investor warning against the so-called FX Crypto Club (www.fxcryptoclub.cc). The illegal Forex Crypto Broker is operated through CapCorp Ltd, which is allegedly registered on Marshall Island. On its website www.carpcorp.co, the company claims to be an IT software and services company.
The payment services provider NasPay (www.naspay.com) is used for the deposit on FX Crypto Club. This is the trademark under which the N.A. Naspay Limited, registered in Cyprus, is doing business. Also involved as PSP is once again VoguePay, an also unregulated PSP as Nigeria with an office in London. According to the payment documents, CapCorp Ltd is registered as merchant with VoguePay.
Once again, the question has to be asked how such companies and schemes can pass the required KYC and AML checks with the involved PSPs.
The FX Crypto Club domain was registered in March 2019 and is associated with an IP address in Lithuania. The IP abuse report shows one complaint against Cherry Servers UAB in Lithuania.