Moneta International | FinTelegram News

Tag: Moneta International

October 17, 2022

FinTelegram, Regulatory Awakening Calls, And The Lessons Learnt!

In April 2020, the Bank of Lithuania, as the competent regulator, revoked the license of Eyal Nachum's Israeli e-money institution Bruc Bond (formerly Moneta International). The revocation was preceded by numerous FinTelegram reports exposing the payment processor's scam-facilitating activities. In October 2020, the Dutch regulator DNB submitted a Payvision report, in which the allegations raised by FinTelegram were apparently confirmed, as the Dutch financial magazine FD notes.

August 8, 2022

Cold Case Review: Disgraced Israeli Payment Processor Bruc Bond And Its Binary Options Legacy!

It is a cold case now but still not resolved! Between 2018 and 2020, FinTelegram exposed that a group of Israeli payment processors controlled by Eyal Nachum and his partner Tamir Zoltovsky facilitated binary options and broker scams big style. They worked with entities in Montenegro or the Marshall Islands and with the regulated e-Money Institutions Bruc Bond (previously Moneta International) and International FinTech. In April 2020, the Bank of Lithuania revoked Bruc Bond's EMI license; consequently, the group vanished from Europe, but their scam-facilitating activities remain to be investigated.

June 26, 2021

Lithuanian compliance issue or why GlobalNetInt is grateful for its penalization

A penalty is usually not an occasion for gratitude. That would also make the purpose of a punishment absurd. Usually, one is grateful for a received punishment only if one is aware that one has gotten away well with this punishment and should actually have been punished much worse. A driver who is speeding while massively impaired by alcohol or other drugs certainly grateful is grateful if he is punished by the police only for speeding and not for the offense of driving under the influence (DUI). Similarly, GlobalNetInt (GNI) shows itself grateful for the penalization by the Bank of Lithuania.

May 21, 2021

Interesting German-Lithuanian Compliance Dispute about Wirecard and fintech regulation

The spot is on Lithuania! The Financial Times reported that German prosecutors suspect that more than €100M was stolen from Wirecard via the licensed Lithuanian Finolita Unio. Via this fintech, at least €35M was said to have flowed to fugitive ex-Wirecard executive Jan Marsalek and another €65M to the now insolvent company oCap (previously Senjo Trading) in Singapore. Both Finolita Unio and oCap are part of the Senjo Group, one of Wirecard's most important partners in Asia, and received a loan of €350M from the latter. Finolita Unio CEO Danas Oliskevicius rejects the accusations and blames the German BaFin.

October 30, 2020

Request 4 Information – Lithuanian e-Money Institution GlobalNetint and MoneyNetint

Whistleblowers provided documents proving that Lithuanian registered e-money institution (EMI) GlobalNetint UAB is involved in numerous scams as a payment processor. This is for example extensively documented in the "Maxigrid Case" with the associated scams RoyalsFX and LincolnFX. The CySEC-regulated Maxigrid itself has processed payments from victims of scams via its bank accounts with GlobalNetint.

September 13, 2020

Bruc Bond and the crumbling Israeli FinTech empire

The two Israeli FinTech entrepreneurs Eyal Nachum and Tamir Zolovsky are not having a good time right now. Amidst the COVID-19 pandemic, their two licensed EU e-Money Institutions Bruc Bond and International Fintech saw their licenses terminated. In the case of Bruc Bond because of systematic compliance violations and problems with money laundering. Nachum, Zoltovsky. and their various payment processors have a long track record in the scam area.

September 8, 2020

Dear Bank of Lithuania – please explain your situation with International Fintech!

According to reports by Lithuanian journalist Vakaris Deksnys, the Bank of Lithuania has terminated the license of the International FinTech UAB of Israelis Eyal Nachum and Tamir Zoltovsky without providing a reason. It already happened in July 2020. No statement was given by the regulator on this matter as it would be necessary and required. That's a strange approach. How can a regulated company simply disappear form an EU regulator's list without further explanation?

September 7, 2020

Breaking News – Notorious International Fintech no longer has a Lithuanian EMI license

The International FinTech UAB of the Israelis Eyal Nachum and Tamir Zoltovsky has no more license in Lithuania. Thus, within a few months, the two Israeli payment pundits have lost both regulated companies in Lithuania. Already in April 2020, the Bank of Lithuania withdrew the license of Bruc Bond (formerly Moneta International) due to systematic violations of the compliance guidelines and problems with money laundering. At present, it is not clear why International Fintech has also lost its license.

Payobin

July 6, 2020

Troubled Bruc Bond executive calls for cooperation between banks and FinTechs

The Israeli Eyal Nachum is certainly an experienced Payment & FinTech veteran. And Nachum is just as surely familiar in dealing with the high-risk and dark business segments as payment processor. In April 2020, Nachum's Lithuanian payment processor Bruc Bond was revoked by the Bank of Lithuania for serious and systematic regulatory violations. Now he is making himself heard again.

July 3, 2020

About Fighting Scammers and Receiving DDoS Attacks

The FinTelegram News sites as well as the newly established ScamGrinder pages have been under heavy DDoS attacks for more than two weeks. Once again. And most likely we will be under DDoS attack as long as we breathe. This is the price of fighting cybercrime and scammers. These criminals have the financial means and the contacts to organize the Dark Web against FinTelegram News.

FinTelegram

November 21, 2019

A Strange Tel Aviv Request to Plaintiff FinTelegram – Israeli Courts Still Refuse to go Against Their Perpetrators

The fight against scammers and fraudsters from Israel is getting more and more interesting. And even legally absurd. The two Israelis Eyal Nachum and Tamir..