Tag: Monkey Hotline

Scammers typically operate their legal entities through trustees and nominee directors. The so-called Companies Builders or Corporate Services providers thrive well on cybercrime. In many cases, such as obtaining a crypto license in Estonia, local directors are needed. Therefore, a booming corporate services business with Nominee Directors and trustees has developed around the (worthless in a regulatory sense) Estonian crypto licenses. The Estonian regulator FIU is openly watching or overwhelmed with their supervisory obligations.