Monitox | FinTelegram News

Tag: Monitox

January 4, 2023

Payment Processors: Introducing The New Papel Group With Monitox!

In November 2021, FinTelegram issued a Request 4 Information regarding the Cyprus Papel Group. At the time, Papel, which operates as an online marketing company, had also come to our attention as an unauthorized payment processor. Early 2022, the Papel.com website disappeared and then reappeared as a payment processor with a license from the Bank of Lithuania. The new Papel is operated by TBF FINANCE, UAB of Artiom Saltanov. Associated with Papel Group is also Monitox Ltd, regulated by the UK FCA as an e-Money Institution. Here is an update.

High-risk payment processors

November 28, 2021

R4I – Let us know more about high-risk payment processor Papel

We are constantly looking for undiscovered payment processors to add to our digital map in this area. We have a particular focus on the high-risk payment segment, which plays a pivotal role for high-risk and dark-side business models. In Cyprus, besides BridgerPay, Praxis Cashier, and various white-label solutions, Papel (CY) Marketing Services Ltd d/b/a Papel (www.papel.com) is offering its payment services. This one has not come to our attention until today. Therefore, we would like to know more.

Portrait of Hindenburg Research: A Constructive and Critical Analysis of a Transforming Short-Seller!

With the announcement by founder Nate Anderson that Hindenburg Research is winding up its operations, this report serves as a reflection—an obituary of sorts—on the firm’s impactful yet polarizing journey. Over seven years, Hindenburg transformed the landscape of activist short-selling, exposing corporate misconduct and reshaping market narratives.

End of an Era: Hindenburg Founder and Finfluencer Nate A!nderson Shakes Empires, Then Closes the Curtain!

Nate Anderson, founder of Hindenburg Research, has announced the closure of his firm, marking the end of a significant chapter in activist short-selling. Established seven years ago, Hindenburg gained prominence for exposing corporate misconduct in companies such as Adani, Nikola, Clover Health, DraftKings, Block, Icahn Enterprises, Super Micro Computer, and Twitter.

Compliance Report: Australian Regulator’s Q4/24 Findings on Illegal Online Gambling Operations Around Softswiss and Others!

The Australian Communications and Media Authority (ACMA) has continued its crackdown on illegal online gambling websites, focusing on operators violating the Interactive Gambling Act 2001. This report analyzes the regulator's recent actions in the context of known illegal casino schemes, particularly those associated with Dama N.V. and Softswiss.

SEC Sues Elon Musk Over Twitter Stock Purchases

Elon Musk faces fresh legal trouble as the SEC alleges he violated U.S. securities laws by failing to disclose his early 2022 Twitter stock purchases on time. By delaying the disclosure, Musk reportedly saved $150 million in additional costs. There is also an opinion in the market that the SEC's action is politically motivated, as Musk is known to be a close confidant and supporter of incoming President Donald Trump.

Compliance Analysis Report: Court Order Against Crypto Exchange BitMEX!

The crypto exchange BitMEX has been ordered to pay a $100 million fine for violations of U.S. anti-money laundering (AML) laws. This decision concludes a prolonged legal battle concerning BitMEX's non-compliance with regulatory requirements between 2015 and 2020. This case highlights the growing enforcement actions against crypto platforms that fail to implement adequate AML measures.