Bank of Lithuania restricted activities of Transactive Systems UAB

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Fred

Dubai Expat
Mentor Group Gold
Elite Member
Commercial Service
Entrepreneur
No surprise after they gave almost every questionable Caribbean Bank like Hermes Bank SEPA access - same for Crypto exchanges. and unregulated Forex entities.

I guess same like Mistertango in the past and Deutsche Kontor Privatbank / Wirecard Bank they just got so many times reselled that they had lost the overview and ended up being in the centre of several Forex and Crypto scams.

The reselling of there infrastructure was there core business and most likely they lost the overview or didn't properly checked the ongoing compliance from other financial institutions which were using there infrastructure.
 

MiddleEuroAsia

Divergent thinker
Entrepreneur
most of the Lithuanian trash EMIs that are offering while label solutions for trash companies will be facing the same fate soon, time to weed out these "financial" companies so the good one could thrive in a fair market.
 

RealDude

Entrepreneur
most of the Lithuanian trash EMIs that are offering while label solutions for trash companies will be facing the same fate soon, time to weed out these "financial" companies so the good one could thrive in a fair market.
I think you meant „time to weed out these "financial" countries
 

aragon

New member
Since I know crypto.com were using Transactive for fiat services, looks like this has affected them. They made this announcement recently:

Screenshot from 2023-01-24 15-30-22.png


from Crypto.com Status
 

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