High-Risk payment processor MoneyNetint goes Brazil with RippleNet

The scam facilitator legacy

MoneyNetint facilitated binary options and broker scams

MoneyNetint Group operates through its two regulated entities MoneyNetint Ltd (MNI) in the UK and GlobalNetint UAB (GNI) in Lithuania. MoneyNetint is certainly one of the leading Israeli FinTechs in the high-risk payment sector. During the fraudulent binary options industry, the group facilitated dozens of scam operators. One client was Silver Wolf Limited in the Marshall Islands (Screenshot left) which was part of the so-called “Zoo Broker Scam Network” and operated numerous large broker scams.

The Lithuanian troubles

While the sun shines on its business in Brazil, however, the group has massive problems with its GNI in Lithuania. We have heard from reliable sources that in connection with allegations of massive money laundering and data leaks, investigations are underway by the Bank of Lithuania as well as the relevant law enforcement authorities. A statement from Michel Farah-Haroutunian (LinkedIn profile) requested by FinTelegram has not yet been responded to.

We will bring an update on the GNI and MoneyNetint Group with more details shortly. Stay tuned!

CyberRating Agency PayRate42 announced new compliance criteria for crypto firms

Attention: New Crypto Regulations Prompt New Compliance Criteria At PayRate42!

Cryptocurrencies have been gaining popularity in recent years, with many investors and businesses turning to them as a means of payment and investment. However, with the rise in use of cryptocurrencies, there has also been an increase in regulatory scrutiny. Recently, new crypto regulations have been introduced, prompting CyberRating agency PayRate42 to implement new compliance criteria.

Wise with impressive performance and confirmed Green Compliance rating

FinTech Wise with impressive performance! PayRate42 confirms Green Compliance rating!

PayRate42, the leading cyber rating agency, has recently updated the profile of UK-based fintech giant Wise, reaffirming its “Green Compliance” rating. This update follows Wise’s impressive half-year financial results, showcasing a substantial increase in profits and revenue, driven by favorable interest rates and a surge in customer engagement.

Dutch crypto exchange Bitvavo receives regulatory approval

Dutch Crypto Exchange Bitvavo Received Approval Of Austrian Regulator FMA!

Many experts and investors are preparing for the next crypto bull run expected before the halving in Q2 2024. The approval of US crypto ETFs is also expected, which should pump a lot of money into the crypto segment. Just in time for the expected take-off, the Dutch Bitvavo has received another regulatory license in Austria.

Update On Payment Processor NomuPay

NomuPay is certainly one of the most interesting high-risk payment processors in Europe. Not because of its technology or its business, but because it has taken over important parts of the Wirecard business and allegedly also parts of the now closed Payvision. Here is an update.