Home / Posts tagged 'Robert Courtneidge'

Tag: Robert Courtneidge

  • More news from Danish scam facilitator KBH Andelskasse

    / FCA UK, Regulation

    The extent of the two scandals surrounding the Georgian-Ukrainian-Israeli scam broker network of the Milton Group on the one hand and the money laundering of the Danish KBH Andelskasse on the other hand is involving exponentially. Authorities from Spain via Denmark to Ukraine are currently conducting intensive investigations. Whistleblowers and victims have provided us with bank details to trace the scammers. As the victim cases of the Milton Group scams, FXPrime and InvestingPro expose.

     
  • FCA asked to really supervise Wirecard mini-me Moorwand!

    FCA asked to really supervise Wirecard mini-me Moorwand!

    / FCA UK, Regulation

    FCA made a big mistake back in summer 2017 when it withdrew its warning against the crypto scam OneCoin. Back then FCA's withdrawal was used by the OneCoin salespeople to advertise the scheme even more aggressively to naive consumers. FCA actually facilitated the scam. Unwillingly, admitted but nevertheless it did. This is what BBC journalist Jamie Bartlett uncovered in episode 9 of the BBC’s The Missing Cryptoqueen podcast. And there is Moorwand which we call the Wirecard mini-me regulated by FCA.

     

  • Austrian Regulator FMA confirms ePayments Systems suspension for Austria

    / Regulation

    On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems Ltd as a licensed e-money institution...

     
  • Good News – UK Regulator FCA finally acts against Robert Courtneidge and ePayments Systems!

    Good News – UK Regulator FCA finally acts against Robert Courtneidge and ePayments Systems!

    / Regulation

    On February 11, the FCA-licensed e-money institution ePayments System has been ordered by the FCA to suspend all activity for “an indefinite period.” The regulator found “a number of weaknesses” in its anti-money-laundering (AML) controls. ePayments Systems is one of the big e-money institutions in the UK with over a million private accounts and more than 1,000 business accounts. Allegedly, the company has issued more than 75,000 prepaid cards as a principal issuer of Mastercard. It booked profits of more than £18m on revenues of almost £28m in the year up to the end of April 2019, with a whopping 66% gross profit margin according to Alphaville. Its director Robert Courtneidge resigned on February 17, 2020.