@ArmitageJim @premnsikka 1/ £5.1M High Court claim by ‘Hong Kong-based’ #PSP #UnicornPayment Ltd alleges false risk report filed/funds withheld by it’s #Mastercard payment acquirer #Worldpay (UK). @theFCA auth #Emoney op #WorldPay allege the same old Londonski #PSP story.
2/ At the heart of the dispute according to #WorldPay is an ‘online cosmetics op’ (+ associated ops) #24Beauty (reportedly signed up via a reseller to ‘#UnicornPayment’), whose transactions #WorldPay reportedly had ‘concerns about the "genuineness" of’.
3/ Furthermore, #WorldPay reportedly claimed concerns of ‘reputational risk’ from alleged associations that #UnicornPayment's money-laundering reporting officer had with two businesses that had received ‘adverse media coverage’.
4/ The spiderweb of ‘#UnicornPayment’ (according to #Crunchbase, founded in 2020 + homed in Romania) allegedly leads back to Romanian op (with an Italian flavour) ‘#UnicornPayment SRL’. Coincidently, a ‘#24beauty’ online cosmetics op is also no stranger to Romania.
5/ #UnicornPayment’s Director of Global Sales & Partnerships is allegedly UK national ‘Abdul Aziz Ali’ - allegedly formerly Director of European Sales & Partnerships at now infamous imploded UK #Emoney op #AlliedWallet (the subject of a future expose - ). https://t.co/Yisd9Wq18Xnypost.com/2018/08/02/sha…
6/ #UnicornPayment’s Relationship & Risk Manager is allegedly UK national ‘Jemma Ross’ - allegedly formerly Relationship & Risk Manager at the infamous UK #Emoney op #QPayEurope (it’s purported honcho alleged to be formerly associated with #AlliedWallet).
7/ #UnicornPayment’s former CEO was allegedly Lithuanian national ‘Tomas Snitka’. Coincidentally a Lithuanian op ‘Unicorn Payment UAB’ was incorporated in 2020 - its ‘responsible manager’ (CEO), listed then as UK National ‘Stephen Buechner’ - allegedly a #Barclays man & …
8/ included stints as Chief Risk Officer or consultant at UK/UK passported #Emoney ops: #Finolita (allegedly linked to #Wirecard); #PXPFinancial, #IntraPay, #Paysafe (#Skrill) - the subjects of future exposes.
9/9 All roads invariably lead to Londonski, it’s blind eyed regulator (@theFCA) & it’s notorious ‘#Emoney scene’.
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