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In regards to Jurisdiction Estonia would probably be one of the easier ones to setup an be recognized as a legitimate license provider by EMI's/banks. From the experience I had a lot of Lithuanian EMI's are ok with larger BTC trade volumes such as Globalnetint, Connect Pay, Pervesk and others...

Don't you think it's kind of a survivorship bias? Is in it good, that fines are being handed out and the companies are being reviewed and supervised? The same can be said about the UK FCA - as thei are handing out fines and freezing activity just as much. And both UK and Lithuania are kinda...

So, just this morning the bank of Lithuania imposed a €110,000 fine on UAB ConnectPay for AML/TF infringements Bank of Lithuania imposed a €110,000 fine on UAB ConnectPay for AML/TF infringements Seems like just a few larger EMI's have been without any fines now in Lithuania such as...

Mistertago getting another fine from the central bank of Lithuania: https://www.lb.lt/en/news/secure-no...or-improper-execution-of-payment-transactions

@Gediminas So as an introducer/partner whatever, can you clarify what's the point of Bankera at all? Since they are an EMI agent of Pervesk are the services/pricing/risk appetite different in some way or is it just a simple rebrand? Which one from the 2 do you recommend and why?

If it's regarding the company, then where is the company taxed at. If it's somewhere under the personal section.

Fully agree with both of you, it's just the most "ready made" solution I've ever heard of. Checking the Lithuanian central bank page they seem to already have 12 of these EMI agents already. GlobalNetint, UAB So they probably must be doing something right.

There is actually sort of a way around it. In one conference I've heard that Globalnetint.com are offering some sort of whitelabel solution. The costs where quoted as 30000 to 50000 for the setup, and there is some profit share agreement (said they would give the details only if we sign an NDA)...

That does not even matter so much anymore. Have you seen their "update" on pricing: https://www.mistertango.com/business/#pricing 900 Eur/month for non EU countries as a maintenance fee? 1% in and out transfer fees for SEPA? 2% annual rate for balance fee? This is just insane. Clearly...

No they are not. Better stay away as I mentioned in another post. They seem to be sinking fast and just leeching their clients money.

Considering their past history I would say no. Especially not with the fees in place, as they will simply rip you off. There are a lot of other better EMI's in Lithuania that accept high risk clients. You should select the top ones by performance indicators...

Get away from them as fast as you can. They have changed their pricing to suck the last blood of their clients: https://www.mistertango.com/business/#pricing 900 Eur/month for non EU countries as a maintenance fee? 1% in and out transfer fees for SEPA? 2% annual rate for balance fee...

Seconded. You can probably find nominee services right in this forum.

Oh, thanks, I missed that. As I said, if the compliance is stricter after the sanctions it might be a good indicator they are at least trying to go the right way.

I think most Lithuanian EMI's offer SEPA. So, what I'd do is download the performance indiccators from the Lithuanian Bank: Performance indicators Sort by turnover, check on the forum if you do not find any dirt (e.g Mister Tango is crap) and then check each top grossing EMI risk appetite if...

Well then, it's much better to go directly to Clear Junction in that case. However, seeing as they are FCA licensed I wonder how stable that might be if Boris continues to play games with the EU regarding the whole post Brexit negotiation.

Oh wow, never noticed that. They even use some of the same web assets for both of the companies. I also just found Pervesk quite recently got fined for lack of AML/KYC compliance...

Seems more like a crypto wallet than a full grown EMI. Besides the SSL red flag, I was not even able to find where they have this supposed EMI license: https://thebanks.eu/emis/Estonia And they seem to have originated from Belarus: they even edited the Belarus part out after some time for...

Was this a low/medium risk business that you tried applying on? Offshore or mainland? As the admin said it might just be a normal rejection, but it does seem a bit fishy in the same way that epayments started rejecting loads of customers before they were busted for some reason by the FCA.

Oh wow, that is indeed overkill for a software dev. company. I could maybe understand if that was asked from a forex/cfd company or something related with crypto where they handle C2B funds. Seems like they have just a single outlook email template for all :D