Tilaros Limited, a company registered in Cyprus, has emerged as a notable yet enigmatic entity in the realm of online gambling payment processing. Its associations with Rabidi N.V.’s casino platforms and the absence of an online presence raise significant questions regarding its operational practices and adherence to regulatory standards.
Company Overview
Established in January 2020 under registration number HE406322, Tilaros Limited lists Natalia Tsiourkina as its director. Despite managing substantial financial transactions for Rabidi’s online casinos, Tilaros operates without an official website—a rarity for firms handling high-volume payments. This lack of digital footprint prompts inquiries into how Tilaros conducts Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, especially with financial institutions like the FCA-regulated My EU Pay.
Financial Activities and Associations
Tilaros engages in significant financial dealings, processing millions in payments to entities such as Estolio Limited in Cyprus and BitSpider OÜ in Estonia. Bank records reveal that Tilaros operates from Viktoros Ougko 8 in Nicosia, an address it shares with Estolio Limited, a company licensed to conduct chance games in Estonia. Notably, numerous online casino platforms associated with Rabidi are registered at this same location, with Tilaros providing payment services.
Additionally, ButOn, an online casino and sportsbook solutions developer controlled by Denys Butko, the founder and owner of Rabidi, is also registered at this address. This interconnectedness of addresses and financial transactions suggests a close relationship between Tilaros, Estolio, ButOn, and the broader Rabidi network.
Regulatory and Compliance Concerns
The operational model of Tilaros raises several concerns:
- Absence of Online Presence: Operating without a website is unusual for a payment processor and complicates transparency.
- Licensing Status: There is no public evidence of Tilaros holding a payment processing license. While internal transactions within the Rabidi Group might not necessitate such a license, the nature of the payments processed—potentially linked to unauthorized gambling activities—raises money laundering concerns.
Ongoing Investigations and Information Request
Authorities are reportedly examining the financial operations associated with Tilaros, Estolio, and the Rabidi Group. Given the complexities and potential legal issues involved, any additional information about these entities is valuable.
Call for Whistleblower Contributions
Scam-Or Project encourages individuals with insights into Tilaros, Estolio, or the Rabidi Group to come forward. If you possess pertinent information, please share it through our whistleblower platform, Whistle42. Your contributions are crucial in uncovering and understanding the activities of these entities within the online gambling and financial sectors.