License Revocation: International Fintech UAB No Longer Regulated in Lithuania
International Fintech UAB, a company associated with Israeli nationals Eyal Nachum and Tamir Zoltovsky, no longer holds an Electronic Money Institution (EMI) license in Lithuania. This marks the second time within a few months that the duo has lost control over a licensed payment institution in the country.
Previously, in April 2020, Lithuania’s central bank revoked the license of Bruc Bond (formerly known as Moneta International). The decision was based on extensive and repeated violations of compliance requirements, particularly concerning anti-money laundering procedures.
Now, International Fintech UAB has also lost its regulatory standing as of July 2020. The Bank of Lithuania has not publicly disclosed the reasons behind this license withdrawal, and no official statement has been released.
Media Speculation and Regulatory Silence
According to the Lithuanian outlet lrytas, there is speculation that the Bank of Lithuania requested that International Fintech UAB voluntarily relinquish its license. While this has not been confirmed, what is known is that the regulatory authority had been scrutinizing both Bruc Bond and International Fintech for several months prior to this development.
Ties to Binary Options Scams
Eyal Nachum and Tamir Zoltovsky have been linked to various high-risk payment processing businesses, including:
-
Payobin
-
Bruc Bond (formerly Moneta International)
-
International Fintech
These companies have been repeatedly mentioned in connection with major binary options fraud investigations.
Notably, the U.S. Commodity Futures Trading Commission (CFTC) has filed a legal complaint against the Cartu Brothers—David, Joshua, and Jonathan Cartu—for orchestrating large-scale binary options fraud. Several Cartu-controlled brands are believed to have processed illicit transactions via payment platforms tied to Nachum and Zoltovsky.
Impact on Affiliated Entities
The absence of an EMI license for International Fintech directly affects related companies such as:
|
Company Name |
Impact |
|
Casparo UAB |
Lost access to regulated license partner |
|
Vericents UAB |
License affiliation no longer valid |
International Fintech’s official website (www.international-fintech.com) has removed all references to licensing or regulatory compliance, offering no clarity on the company’s current operational or legal status.
Conclusion
While the Bank of Lithuania remains silent on the specifics of the license revocation, the ongoing investigations and prior regulatory actions indicate deeper compliance concerns. The connections between Nachum, Zoltovsky, and notorious binary options networks only raise further questions.
More developments are expected, and Scam-Or Project will continue to monitor and report on this story.
Stay tuned. Updates are coming soon.