MoneyNetint Group | FinTelegram News

Tag: MoneyNetint Group

March 26, 2021

R4I – Epayblock, illegal payment processor clients, and money-laundering

Amid the hype of binary options, CFDs, and crypto trading, many FinTech entrepreneurs have picked up e-Money Institution licenses in Lithuania. Like Eyal Nachum with his Bruc Bond and International Fintech. Well, they lost the license and went to Singapore. However, MoneyNetint Group and its GlobalNetInt are still there; regulated! Most recently, Epayblock caught our attention because it is repeatedly involved in broker scams as a payment processor. We would like to know more about Epayblock.

March 21, 2021

High-Risk payment processor MoneyNetint goes Brazil with RippleNet

MoneyNetint, the FCA-regulated Israeli e-Money institution around Yishay Trif and Raphael Golan, announced a new payment service for merchants doing business with Brazil. Together with Banco Rendimento in Sao Paulo, a clearing system based on the RippleNet blockchain is to be launched. This is intended to enable payments to Brazilian companies and individuals to be made without friction and at low cost. The system is compatible with the Brazilian instant payment system PIX, MoneyNetint claims in its blog post.

January 7, 2021

High-risk payment processor PXP Financial provides payment services to BetMGM in the U.S.

High-risk payment processor PXP Financial Limited is systematically developing its partner network to enter the attractive U.S. market. In December 2020, the company announced a partnership with MoneyNetInt Group to expand cross-border payments. Now it has partnered with U.S. gaming operator BetMGM, a joint venture between MGM Resorts and Entain. PXP Financial used to be part of the British Entain group until 2017 and is currently a Singapore-based Senjō Group member company.

January 4, 2021

The Estonian Money-laundering Issue – Crypto Payment Processors BlueData, and Lipan Services

The Estonian regulatory regime had been a severe issue for the EU since the inception of its crypto license program some three years ago. Even though the Estonian Ministry of Finance recently announced that its FIU revoked more than 1,000 licenses, there are still about 400 regulated crypto payment companies active in the market billing themselves as "EU-regulated" payment processors. Companies like BlueData OÜ, or Lipan Services OÜ facilitate and/or operate scams. These companies are also customers of the Lithuanian GlobalNetInt which is part of the network.

January 3, 2021

A Lithuanian Case – Compliance Issues, Law Enforcement, and Whistleblower Protection

FinTelegram lives on whistleblowers and fights together with them against scammers, cybercriminals, and money launderers. Protecting whistleblowers is FinTelegram's highest priority. We are aware that whistleblowers are hated and threatened by the villains they expose. Currently, whistleblowers in Lithuania who have provided valuable information to FinTelegram about scams, cybercrime, and money-laundering are being massively threatened. We are here to help and support them!

December 23, 2020

FinTech Review – High-risk payment processor Jeton

Jeton is operated by FCA-regulated agent La Orange Limited together with its FCA-regulated principal Financial House Limited. The payment service should be offered online via the website www.jeton.com as well as via the Jeton Wallet. Jeton offers its payment services to individuals and businesses (merchants). This is supposed to be done in a matter of minutes. The fact is that after more than a week, we still have no verification. According to their support, Brexit is to blame.

December 20, 2020

AML: Another Chief Compliance Officer departs from GlobalNetInt

Lithuanian GlobalNetInt has had an audit from the Bank of Lithuania in recent months. The company focused on high-risk clientele appears to have compliance, KYC, and AML issues. Among the clients are many forex and crypto firms as well as payment processors associated with and/or facilitating scams. The problems with compliance were also confirmed to us by a consultant. Now the Chief Compliance Officer (CCO) is also said to have left the company.

December 17, 2020

PXP Financial and MoneyNetInt cooperate for cross-border payments

Regulated by the FCA with reference No 504318, PXP Financial Limited as an Authorized Payment Institution was originally founded as Kalixa Accept Limited by Austria's Bwin. Following the acquisition of Bwin by public-listed GVC Holdings PLC, Kalixa was sold to Senjo Group for €29 million in late 2019 and renamed PXP Financial. The company recently announced its cooperation with FCA-regulated MoneyNetInt Group. Senjo Group was one of the largest - and, according to the Financial Times (FT), most opaque - partners of the collapsed Wirecard.

European FinTech Ecosphere

December 6, 2020

European FinTech Ecosphere – Transactworld Group meets GlobalNetint

The Indian payment processor Paymentz has facilitated the huge Zoo Broker Scam Network with its services. It is a part of the Transactworld Group which also comprises Transactworld Limited, Cyprus, and the FCA-regulated Transactworld Limited. The Transactworld Group has a close and multi-dimensional business relationship with the regulated Lithuanian GlobalNetint UAB. a member of the FCA-regulated MoneyNetint Ltd.

November 6, 2020

Law and Tax Enforcement Actions – Start with Payment Processors to chase cybercriminals

FinTelegram is frequently contacted by law enforcement agencies in various jurisdictions with requests for information. It has become known in the international law enforcement scene that FinTelegram has indeed valuable information and contacts. In our respective discussions, we recommend starting enforcement actions against facilitating payment processors. They are the backbone and payment data hubs of the ever-expanding cybercrime universe and its scams.

November 4, 2020

Research Update on MoneyNetint and GlobalNetint

Authorized by the UK FCA as an e-Money Institution (EMI), MoneyNetint Ltd is a FinTech veteran and has scaled up in the era of binary options. It is controlled by the four Israelis Raphael Golan, Gil Trif, Nissan Trif, and Yishai Trif. The latter is also the CEO of the company. Since 2017, the Group has been operating GlobalNetInt UAB in Lithuania, authorized by the Bank of Lithuania as EMI, together with local partner Luidvikas Kulikauskas.