How to check bank or EMI reliablility? Guideline for noob

eleb2019

Member
Dear all,

Please share some short guideline for noob. How to check the bank or EMI to avoid scammers? What and which document should i check online? possibly there are some systems that can show the detailed information about financial structure that i want to check.
 

Martin Everson

Offshore Consultant
Business Angel
1. Find who owns it and google them with word "scam" after name
2. If based in Eastern Europe and if connected to Russia avoid
3. Check they have a license with regulator or their Central Bank
4. Check Trustpilot website for any feedback
5. Check office address on google maps to see it is not a cow shed
6. Look at website quality and trust your gut instinct
7. If Russian owns the EMI avoid like the plague
8. See point 2 and 7
9 See point 2 and 7
10. See point 2 and 7
 

Mr Magoo

Building Trust
Entrepreneur
I would also check the underlying bank that hold the funds for the EMI The EMI may be OK but if the bank holding the funds of the EMI depositors is crap, you run a risk as well.
 

xzars

Trusted Member
Business Angel
5. Check office address on google maps to see it is not a cow shed
LOL!

This reminds me of something. A mailbox attached to a high-voltage mast in the middle of a cow pasture is a good-old Eastern EU style burial place for dead companies.

For our younger audience, when an owner wants to get rid of a badly indebted company without formalities, he will change the legal address and gift his shares to a buyer not much smarter than an orc. Imagine a Friday night, a trashy countryside pub, a dude on the floor who will "do anything" for a drink and plate of ribs.
 

eleb2019

Member
1. Find who owns it and google them with word "scam" after name
2. If based in Eastern Europe and if connected to Russia avoid
3. Check they have a license with regulator or their Central Bank
4. Check Trustpilot website for any feedback
5. Check office address on google maps to see it is not a cow shed
6. Look at website quality and trust your gut instinct
7. If Russian owns the EMI avoid like the plague
8. See point 2 and 7
9 See point 2 and 7
10. See point 2 and 7
I see. 50% of work to avoid scammers is to avoid Russian's. If we take Europay SRO as an example how can i check the owners? there are a lot of documents on their website with scans of licenses from Chech National bank and Swift but no any information about their management and board.
 

Martin Everson

Offshore Consultant
Business Angel
50% of work to avoid scammers is to avoid Russian's. If we take Europay SRO as an example how can i check the owners?
100% Yes

They sent you an email you said that had on it 1sterling.uk website. You will find all you need to know once you open up that Russian website.

You can see the Azerbaijan correspondence accounts details below they use to process EUR/RUB/USD.


You can also check on their license on Czech national bank website. EuroPay company ID is 28435206.


You can also check company register for details on the people behind it and you will find they are......................Russians. ns2

 

Martin Everson

Offshore Consultant
Business Angel
This reminds me of something. A mailbox attached to a high-voltage mast in the middle of a cow pasture is a good-old Eastern EU style burial place for dead companies.
Anyone remember EQIBank in Dominica thread...aka Interoceanic Bank of the Caribbean. It even had me fooled until @squiddy investigated it. This is the banks office below




You can read the full story of this brass plate Russian laundromat bank below..lol.

 

eleb2019

Member
100% Yes

They sent you an email you said that had on it 1sterling.uk website. You will find all you need to know once you open up that Russian website.

You can see the Azerbaijan correspondence accounts details below they use to process EUR/RUB/USD.


You can also check on their license on Czech national bank website. EuroPay company ID is 28435206.


You can also check company register for details on the people behind it and you will find they are......................Russians. ns2

Good investigation =) and if you google the name of owner in Russian yandex.ru or google.ru there are lot of interesting information. But seems that he isnt hiding, because he is promoting europay services on his own facebook account.
 

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