Nummuspay | FinTelegram News

Tag: Nummuspay

July 12, 2024

Review Update: B90 Holdings and its Spinbookie Continue Their Illegal Gambling Approach!

In April 2024, we conducted an initial review of the online gambling platform Spinbookie, which resulted in its placement on our Red Compliance list. Since then, we have delved deeper into this platform's background and uncovered significant concerns regarding its ownership and operational transparency. Our findings necessitate a thorough and scrutinizing update to our initial review.

High-risk payment processors

April 17, 2024

Nummuspay Under Scrutiny: PayRate42 Assigns Red Compliance Rating to the High-Risk Payment Processor!

In our ongoing analysis of payment processors within the fintech and online gambling sectors, the high-risk payment processor Nummuspay has recently come under the spotlight following its involvement with the offshore casino Spinbookie, as previously noted in our review of the gambling platform. PayRate42, which has placed the payment processor on its Red Compliance List, has further highlighted the concerns around Nummuspay.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.