Tag: Ozan Ozerk

Ozan Ozerk is often portrayed in the media—most recently in a flattering Türkiye Today profile—as a visionary Turkish entrepreneur reshaping global finance through his fintech ventures, most notably OpenPayd, EMBank, and Ozan Elektronik Para. But as regulatory actions mount and his companies increasingly surface in investigations tied to high-risk payments, scam facilitation, and money laundering,

OpenPayd, a Malta-licensed payment institution long flagged by FinTelegram for its involvement in facilitating high-risk transactions and supporting scam-related financial infrastructure, has now been officially held liable by Malta’s Financial Arbiter. The ruling follows an investigation into a case in which an elderly woman was aggressively manipulated by fraudsters and lost her investment through an account operated via OpenPayd’s virtual IBAN infrastructure.

Red-listed offshore broker LQDFX has been on our radar for about two years. The scheme was founded by the well-known fintech entrepreneur Ozan Ozerk a/k/a Ozan Özerk, who founded several regulated ventures, including OpenPayd or EuroTrader. The UK FCA recently warned against the offshore broker LQDFX,which is now operated via Saint Lucia and Bulgaria. The broker announced a 1:1000 leverage boost for micro accounts. Be very cautious.

Offshore broker LQDFX has been on our radar for about two years now. The scheme was founded by the well-known fintech entrepreneur Ozan Ozerk a/k/a Ozan Özerk, who founded several regulated ventures, including OpenPayd or EuroTrader. The UK FCA recently warned against the offshore broker LQDFX, which operates without regulatory permission in the United States, EEA, and UAE. We have added the broker to our Red Compliance list.

Offshore broker LQDFX has been on our radar for about two years now. The founder is the well-known fintech entrepreneur Ozan Ozerk a/k/a Ozan Özerk, who founded several regulated companies in the UK, Lithuania, and other EEA jurisdictions such as OpenPayd or EuroTrader. The UK FCA has recently issued a warning against the offshore broker LQDFX, violating the EEA regimes' regulatory requirements. The offshore broker is facilitated by the crypto payment processor Confirmo. It also accepts payment cards issued by PayRedeem.

According to their website, Giftbull is a brand new UK-based e-gift card and voucher platform providing access to hundreds of e-gift cards and vouchers from popular brands worldwide. Giftbull is operated through Giftbull UK Limited, where Ferdi Ozkurnaz, a Cypriot, is a director. The company is connected to Ozan Ozerk through Secure Processing Holding Ltd, registered in Cyprus. In both companies, his confidant Ferdi Ozkurnaz, a/k/a Ferdi Özkurnaz, serves as a director.

Ozan Ozerk is a FinTech entrepreneur with many interests. He is the founder of the European Merchant Bank (EMBank) in Lithuania and FCA-regulated OpenPayd. On his website www.ozanozerk.com, Ozerk explains himself in epic terms. He founded the CySEC-regulated broker EuroTrader in 2018. Even before that, in 2016, he was involved in establishing the offshore broker LDQFX, which, at least until some time ago, was connected with EuroTrader, which has now secured an FCA license.

Offshore broker LQDFX has been on our radar for about two years now. This is also because of its interesting background. The founder is the well-known fintech entrepreneur Ozan Ozerk, who founded several regulated companies in the UK, Lithuania, and other EEA jurisdictions. OpenPayd or EuroTrader are projects of Ozan Ozerk. The UK FCA has recently issued a warning against the offshore broker LQDFX, violating the EEA regimes' regulatory requirements.

CySEC-regulated multi-asset broker Eurotrader Group has appointed Ben Swann as its new Chief Technology Officer. Before joining Eurotrader, he built and managed several retail trading platforms, including City Index, Gain Capital, and MF Global. Eurotrader was founded by Ozan Ozerk, who is also the founder of FCA-regulated Banking-as-a-Service (BaaS) platform operator OpenPayd and the Lithuanian European Merchant Bank (EMBank).

The two crypto payment processors, Koinal and Bitpace were operated by the then FCA-regulated SG Veteris Limited until 2020. This was controlled by FinTech entrepreneur Ozan Ozerk until 2018. Since then, Ozerk's partner, Ahmet Cemal Dedeoglu, has officially been the controlling person. Today, the two crypto payment processors are currently operated by SG Veteris Europe EOOD in Bulgaria and SG Veteris Lithuania UAB in Lithuania. Most of the business is apparently likely to be done in Turkey.

The Israeli social investment platform eToro has partnered with OpenPayd, a banking-as-a-service (BaaS) infrastructure provider enabling eToro, to issue Euro virtual IBANs, unique to each of its customers, and gives eToro access to SEPA Instant rails for the first time. The solution is currently available in 12 countries and is being rolled out across Europe. eToro’s customers can now make deposits and withdrawals from their eToro Money accounts quickly and securely.

The EuroTrader Group of Ozan Ozerk (LinkedIn) appointed Marcelo Spina (LinkedIn) as Chief Executive Officer (CEO). He has 20 years of experience in the financial markets and has held leadership positions in many of the larger companies focused on finance. He has experience in managing sales, business development, and operational departments focusing on both retail and institutional business on a global scale.