Update On High-Risk Payment Processor Hawex Group And Its Russian Connections!
The motto of FCA-authorized payment agent Hawex is "above the banks." The UK entity Hawex Group was controlled by Russian Kirill Baldakov until March 2022. Since October 2022, Hawex Investment LLC, registered in Dubai, has been controlling the UK entity. A UBO is not specified, but allegedly, it is still a Russian venture. According to our information, Indian payment veteran Ruchi Rathor is one of the Hawex partners. We reported Hawex's collaboration with FCA-regulated Connectum (report here).