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Tag: Bilderlings

December 17, 2020

FinTech Review – FCA-regulated Bilderlings with Latvian roots

Bilderlings Pay Limited is regulated as an authorized e-money institution under reference No 900637 since May 2018. The institution is doing business as Bilderlings (www.bilderlings.com and www.bilderlings.eu) and offers international payments with app and debit card. Like TransferWise et al. The company was founded back in December 2015 and is led by Latvians Deniss Polakovs and Andrejs Zaharovs. Until recently, Latvian Aleksandrs Peskovs was listed as the beneficial owner.

Revolut Founder and CEO Offloads Shares Worth Between $300 to $300 Million!

Revolut founder and CEO Nik Storonsky offloaded a significant portion of his shares in the fintech giant during a secondary offering in August, raising between $200 million and $300 million. This sale still leaves him with a majority stake valued at $8 billion. As Revolut continues to post strong financial results and expand its services, all eyes are on the company’s next move, with an IPO potentially on the horizon.

Jeton Group Analysis: Facilitating Online Casinos Beyond Compliance!

FCA-regulated Jeton Group, a high-risk payment processor, has been deeply involved in facilitating transactions for illegal online casinos, including those operated by the Starscream Group. Jetonbank, a digital offshore bank regulated by the FSU in Dominica, has furthered these operations by enabling fiat deposits for players in unlicensed jurisdictions. This report calls for insiders to provide critical whistleblower information.

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Operation Niflheim: Brazilian Law Enforcement Targets $9.7 Billion Crypto Money Laundering Scheme!

Brazilian Federal Police have dismantled a major crypto-based money laundering operation, dubbed Operation Niflheim, targeting groups involved in laundering over $9 billion since 2021. The operation led to the issuance of eight arrest warrants and 19 search and seizure orders. The scheme used cryptocurrencies to funnel illicit funds from activities like drug trafficking abroad.

eToro Settles with SEC, Restricts Crypto Trading

Under its chair, Gary Gensler, the SEC is taking massive action against crypto companies in the U.S. The regulator believes that most coins and tokens qualify as securities, and therefore, the issuers and exchanges need appropriate registration. The U.S. subsidiary of the Israeli eToro broker scheme has also been sued for this reason. eToro settled with the SEC with a $1.5 million payment.

Crypto Crime Case FTX: Caroline Ellison Seeks No Jail Time for Role in FTX Fraud

Caroline Ellison, a former top executive in the collapsed crypto exchange FTX and former girlfriend of FTX CEO Sam Bankman-Fried, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX collapsed in November 2022 and noted that the court's Probation Department recommended that she serve no prison time.