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  • FCA issues warning against FinTech wonder Lanistar

    FCA issues warning against FinTech wonder Lanistar

    Lanistar is a prominent FinTech on Instagram and proudly presents young, sexy, and fashionable influencers on its website. The company was also hyped by bullish press releases from its partner MasterCard. The FinTech is aiming for a £1 billion valuation. The UJ FCA, however, has issued an investor warning against Lanistar, advising that it’s operating without authorization in the U.K.

     
  • The PayTech Papers – Regulatory Challenge in Fighting Cybercrime

    The PayTech Papers – Regulatory Challenge in Fighting Cybercrime

    The revised Payment Services Directive (PSD2) to regulate payment services throughout the EU and EEA came into force in January 2018 and officially kicked-off the “Open Banking Era” with FinTech unicorns TransferWise, Revolut, Monzo, or N26 leading the pack. The number of licensed PayTechs in the EEA exploded as statistics published in July 2020 shows. Unfortunately, the number of unregulated and therefore unauthorized acting PayTechs specializing in scams and cybercrime also exploded.

     
  • FCA warns against PumaTS-Leverate scam RoyalStox with Praxis Cashier

    The UK regulator FCA has issued an investor warning against the scam broker RoyalStox (www.royalstox.com). This is operated by Marom Partners Limited on St. Vincent and the Grenadines. The scam is part of the Leverate and PumaTS network and connected to their Activ8 trading servers. It’s another full-blown scam from without any special features. The scam works with the payment processors Praxis Chashier and QubePay for crypto payments.

     
  • FCA warns against several Praxis Cashier scam clients. What about the consequences?

    On 7 May 2020, the UK Financial Conduct Authority (FCA) issued investor warnings against several unlicensed and therefore illegally operating brokers. The FCA warned investors...