Red Flags
5
MoneyNetInt LTD
MoneyNetInt has faced significant regulatory scrutiny and allegations of processing payments linked to fraud, leading to lawsuits and a high-risk classification.
Quick summary on MoneyNetInt LTD
Alleged Involvement in Money Laundering:
MoneyNetInt LTD has been linked to concerns regarding its role in money laundering operations, particularly through its connection to the Vienna Cybercrime Trials involving convicted fraudster Gal Barak.
Regulatory Scrutiny and Onboarding Suspension:
Due to regulatory concerns with the UK Financial Conduct Authority (FCA), MoneyNetInt voluntarily halted new customer onboarding in early 2021 to address compliance issues.
Association with GlobalNetInt UAB and Financial Penalties:
MoneyNetInt shareholders controlled GlobalNetInt UAB (now Payswix UAB) until at least Q3 2021. The company faced significant fines from the Bank of Lithuania over suspected money laundering violations.
Ties to Broker Scam Payment Processing:
MoneyNetInt has been implicated in processing payments for fraudulent brokers, leading to its classification under the “Red Compliance” category, indicating high-risk financial activities.
Legal and Consumer Complaints Related to Binary Options Scams:
Regulators in multiple countries are investigating MoneyNetInt due to its alleged involvement in binary options scams, with victims filing lawsuits against the company.
Questionable Trustpilot Reviews:
While Trustpilot rates MoneyNetInt highly, some reviews raise concerns about the authenticity of customer feedback, suggesting the possibility of manipulated or misleading ratings.
Intel Reports
by: Pedro Delgado
Their association with fraudulent brokers is concerning. I wouldn't trust them with my money
by: Cecilia Montoya
Despite their claims, their services are unreliable. My transactions were delayed without explanation
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