The International FinTech UAB of the Israelis Eyal Nachum and Tamir Zoltovsky has no more license in Lithuania. Thus, within a few months, the two Israeli payment pundits have lost both regulated companies in Lithuania. Already in April 2020, the Bank of Lithuania withdrew the license of Bruc Bond (formerly Moneta International) due to systematic violations of the compliance guidelines and problems with money laundering. At present, it is not clear why International Fintech has also lost its license already in July 2020 without any notice from the regulator.
The Lithuanian online magazine lrytas has speculated that the bank of Lithuania has demanded that International Fintech UAB return the license. Fact, however, is that the Bank of Lithuania has been investigating the two companies for months. An official statement has not yet been issued.
The beneficial owners Eyal Nachum and Tamir Zoltovsky are involved in numerous binary options fraud cases with their various payment processors from Payobin to Bruc Bond (formerly Moneta International) and International Fintech. Most recently, the U.S. CFTC filed a fraud complaint against the Canadian-Israeli Cartu Brothers – David Cartu, Joshua Cartu, and Jonathan Cartu – for binary options fraud.
Some of the Cartu Brothers‘ companies or brands have also laundered money through Nachum and Zoltovski’s payment processors. We are expecting further information about the case of International Fintech shortly and will report on it. On the website of International Fintech (www.international-fintech.com) there is no longer any reference to any kind of regulation or license but also no indication why there is no longer a license. This also means that affiliated companies such as Casparo UAB or Vericents UAB lose their license partner.
Stay tuned! We are back in no time!