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Ian Beckett Profile picture
@ianbeckett
Sep 15, 2020 • 3 tweets • 3 min read • Read on X
@retheauditors @premnsikka 1/ While @TheFCA sleeps at the wheel, the FATF(Financial Action Task Force) published y/day ‘#MoneyLaundering + Terrorist Financing Red Flag Indicators Associated with Virtual Assets’ fatf-gafi.org/media/fatf/doc… . The secretive networks that operate ..
2/ both inside and outside of the FCA’s pitifully small porous (A.R.’s) regulatory perimeter traditionally used (to money launder) UK property, fake offshore transactions, payday loan ops, fake businesses, “disappearing gold” which morphed through money transfer ops ...
3/3 (e.g. NCA case in the “Ding Dong” Deal) + in to the secretive networks & dirty world of #cryptocrap, #binaryoptions & Forex ops with fake web stores, payment cards and FCA authorised emoney/payment institution money laundromats. We’ll be hearing more about that soon.

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More from @ianbeckett

Ian Beckett Profile picture
Mar 21
@ArmitageJim @premnsikka 1/ ‘'Solid gold' payments card case exposes limits of UK regulator (@theFCA). Arrest of #Nvayo's Christopher Scanlon raises questions about @theFCA’s ability to oversee digital payments sector. (). #Emoney #OpenBanking ft.com/content/20e7ed…

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2/ In 06/2017 #OnlineGambling op #GVC Holdings Plc (f/k/a #Entain) announced the completion of the sale of it’s ‘controversial’ in house #FCA auth. payment processing & card issuing group: ‘#Kalixa Group’ (f/k/a ‘#CQR Group’) that came in #GVC’s acquisition of ‘controversial’ #OnlineGambling op #BWIN.Party.Image
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3/ Surprisingly, #Kalixa Group was sold by #GVC for a fraction of its expected value to #Senjo Group, (linked to the #Wirecard scandal). Surprisingly, a month later it was announced that #GVC had sold part of #Kalixa Group: ‘BW Pay Ltd’ (up until shortly before the #Senjo sale named #Kalixa Pay - a #FCA auth debit card issuer/#Emoney op) to (UBO) Christopher Scanlon.Image
Read 5 tweets
Ian Beckett Profile picture
Dec 15, 2023
1/ #Wirecard’s former CFO ‘Burkhard Ley’ charged by German prosecutors with #fraud, 3 years after the now notorious German payment processing unicorn #Wirecard imploded. But who was ‘Burkhard Ley’ ? (‘Wirecard’s Mr Teflon’ - Handelsblatt 10/2021 - ). drive.google.com/file/d/1vo5dQQ…
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2/ ‘Burkhard Ley’ was a bank clerk at a German savings bank (1982-8) before joining the now notorious #SalOppenheim private bank (1988-2000), rising to its director of corporate Finance. #SalOppenheim, was one of Europe’s biggest & most conservative private banks, interacting … Image
3/ with the ‘German elite’ since 1789. That all changed when ‘Baron Christopher von Oppenheim’ took over the management of the bank in the 1990s, surrounding himself with ‘outsiders’ - the bank allegedly going ‘full tonto’ in both risky & shady ‘investment banking business’. Image
Read 14 tweets
Ian Beckett Profile picture
Dec 6, 2023
@ArmitageJim @premnsikka 1/ #RationalFX: Yet another of Blinky’s (@theFCA) ‘big fish’ from its uber notorious #Emoney/#FX scene bites the dust & put in to ‘special administration’, leaving 10s of 1000s of it’s customers ‘in limbo’ & unprotected by @FSCS (). fca.org.uk/news/news-stor…
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2/ #RationalFX collapsed in to insolvency a few days ago, it’s long term (since 2013 y/end) auditor (#CLAEvelynPartners) signed off it’s last (UNqualified) 2022 y/end audited accounts on 23/03/2023 this year - in the background, the dual ‘red flags’ of: an extended (18 month) … Image
3/ reporting period; & in this extended period, the resignation of its owner (Rajesh Agrawal) as a director. A quick squizz at the last filed accounts turned up two rather strange items. Firstly, a rather strange (‘Other Income’) note to the accounts: ~ £1m in ‘’receipts from …
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Read 17 tweets
Ian Beckett Profile picture
Nov 26, 2023
@ArmitageJim @premnsikka 1/ #FormationsHouse - far more than just another of Londonski’s notorious ‘formation factories’ with allegedly fistfuls of trans-national fraudsters/#MoneyLaunderers as clients: ‘liquidator fails to find company boss amid unexplained bank transactions’. Image
2/ "#29Leaks": in 2019, hacker linked group ‘Distributed Denial of Secrets’ leaked to the media >130GB of data incl. millions of emails, documents, passport copies & bank statements allegedly from #FormationsHouse’ servers, detailing amongst other things it’s clienteles’ japery. Image
3/ Charlotte Pawar’ took control of the running of #FormationsHouse after the death in 2015 of her Pakistani emigre stepfather (Nadeem Khan) who was reportedly due to stand trial four weeks later in the UK for his company's alleged role in a notorious €100m #fraud & … Image
Read 28 tweets
Ian Beckett Profile picture
Nov 25, 2023
@ArmitageJim @premnsikka 1/ ‘#LSE listed #GrantThornton/#KMPG audited #Entain (formerly #GVC, incorporating #CasinoClub/#SportingBet/#BWIN/#PartyGaming/#Ladbrokes etc) settles bribery case for £615m - says it has the highest levels of #CorporateGovernance after deal with #HMRC’. Image
2/ #Entain listed on #AIM (a cesspit of illegal gambling & associated payment processing ops, presided over by New Labour & it’s now Lords of #OnlineGambling) in 2004 as Gaming VC Holdings SA - a Luxembourg SPV/#KPMG Lux audited op before switching to #GrantThornton Lux in 2008.
3/ It rebranded to #GVC/re-domiciled in 2010 to the IOM (New Labour’s ‘wild west’ of ‘offshore’ #OnlineGambling) with #GrantThornton UK as auditor. In 2018 amidst a shareholder rebellion out went #GrantThornton + back in came #KPMG. In 2016 #GVC acquired #Bwin.#PartyGaming, …
Read 9 tweets
Ian Beckett Profile picture
Sep 30, 2023
1/ #CryptoCrap - ‘Forking Hell’, handbags at dawn in Switzerland’s crypto-crappery at controversial ‘#blockchain patent production line’ #nChain: ‘#nChain in crisis as CEO quits & alleges #fraud’ (). #CraigWright #CalvinAyre #BitcoinSV fullycrypto.com/nchain-in-cris…
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2/ A day is a long time in the crypto-crappery as the hand-bagging at #nChain resulted overnight in #nChain’s CEO & ~half of the directors dropping off the website. The multi-$bn fallout amongst the crypto bros over ‘who is really #Satoshi ?’ & the #Bitcoin ‘hard fork’ continues.
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3/ Background: ‘#CalvinAyre's Ayre Group acquires controlling stake in #nChain in $570M deal’ - ; ‘offshore #OnlineGambling tycoon (Calvin Ayre - #Bodog), #Bitcoin’s self styled inventor (Craig White), two Lords & a £10bn crypto lawsuit …tech.eu/2023/08/01/ayr…
Read 4 tweets

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