Tag: Nikolai Ionkin

FCA-Restricted Payment Processor Cauri Seems To Go Out Of Business!

High-risk payment processors tamir - July 20, 2023

FCA-regulated payment institution Cauri has been on the FinTelegram radar for some time. We reported in 2020 that Cauri was one of the payment processors for Gal Barak's cybercrime organization. Since the beginning of the year, Cauri has been subject to FCA restrictions that essentially prevent it from doing business with Russians or Russian currency. Since then, Cauri's business seems to have collapsed.

FCA-Restricted Payment Processor Cauri

AFM Ben - May 2, 2023

FinTelegram has discovered FCA-regulated payment institution Cauri Ltd d/b/a Cauri as a payment processor in various broker scams in recent years. Cauri is apparently controlled by Russian nationals such as Nikolai Ionkin. The FCA restricted Cauri from providing payment services to Russian citizens or legal entities in January 2023. Since then, traffic to the Cauri website has plummeted, but over 40% of its website visitors came from Russia in Q1 2023.

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