Mistertango fined 245 000 euros for non compliance with anti money laundering

Bossian

member

Activity: 450

Merit: 59

Quote from: advisor_moon on January 23, 2020, 06:53:29 AM

Quote from: Bossian on October 28, 2019, 07:17:28 AM

https://www.lb.lt/en/news/mistertango-uab-fined-eu245-thousand-for-non-compliance-with-aml-requirements

Read on another forum that company accounts cannot send or receive money at the moment.

How about personal accounts? I have an account with them since 2018 and I start to worry. Not many crypto related services offering bank options these days.

Hey,

I would like to tell you about PayGlobal and how we are providing different services like dedicated IBANs, crypto linked debit cards, on platform crypto to fiat conversion and more. We are FCA licensed e-money institution out of London.

Please ping me on Telegram for more details - @parth_agarwal

payglobal.me

Hi,
Do you confirm that for example if I want to withdraw from Bitstamp to a personal IBAN at your company, the transfer will be accepted with no question asked?
Also, I visited your website, cannot see much information about the "crypto linked debit card", is it a prepaid card such as the one Advcash delivers?

Last question: in which country the bank account with personal IBAN is located? Lithuania?

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: advisor_moon on January 23, 2020, 06:53:29 AM

I would like to tell you about

Why you try to hijack this topic instead of making your own announcement and we can then all see what people think about your service?
Maybe explain better the services too, since all I've found were question if that company is legit.
So: make your own thread, it'll be a better start.

advisor_moon

jr. member

Activity: 81

Merit: 3

Quote from: Bossian on October 28, 2019, 07:17:28 AM

https://www.lb.lt/en/news/mistertango-uab-fined-eu245-thousand-for-non-compliance-with-aml-requirements

Read on another forum that company accounts cannot send or receive money at the moment.

How about personal accounts? I have an account with them since 2018 and I start to worry. Not many crypto related services offering bank options these days.

Hey,

I would like to tell you about PayGlobal and how we are providing different services like dedicated IBANs, crypto linked debit cards, on platform crypto to fiat conversion and more. We are FCA licensed e-money institution out of London.

Please ping me on Telegram for more details - @parth_agarwal

payglobal.me

LTU_btc

legendary

Activity: 3038

Merit: 1330

Slava Ukraini!

Quote from: LeGaulois on November 03, 2019, 11:26:37 AM

@Bossian

Personal accounts are currently working fine, at least I haven't found someone complaining but with the business accounts, not only the funds are locked but some are getting their accounts simply closed.
https://www.offshorecorptalk.com/attachments/mistertango-png.834/

3rd-time Mistertango is fined, I would say now it's the end for the company, again 1 or 2 strikes and the company will be shut down by EU or it'll be fined with such a large sum that it won't be able to pay it

https://edpb.europa.eu/news/national-news/2019/first-significant-fine-was-imposed-breaches-general-data-protection_en

I also got message last week that they're closing my personal account. It's because that I didn't gave information to their additional KYC. But I don't care about it, because I simply haven't used Mistertango for very long time.

Quote from: carlfebz2 on November 03, 2019, 10:45:55 AM

Im not aware on Mistertango services though but if they were a big one then its just a peanut fine.

I think it's quite big money for them. It's not that huge bank which would able to pay million fines. From public information, they even ended last year with a loss, so this fine can hurt them. But it's their own fault, because they were fined not for the first time.

LeGaulois

copper member

Activity: 2828

Merit: 4065

Top Crypto Casino

@Bossian

Personal accounts are currently working fine, at least I haven't found someone complaining but with the business accounts, not only the funds are locked but some are getting their accounts simply closed.
https://www.offshorecorptalk.com/attachments/mistertango-png.834/

3rd-time Mistertango is fined, I would say now it's the end for the company, again 1 or 2 strikes and the company will be shut down by EU or it'll be fined with such a large sum that it won't be able to pay it

https://edpb.europa.eu/news/national-news/2019/first-significant-fine-was-imposed-breaches-general-data-protection_en

carlfebz2

hero member

Activity: 2926

Merit: 722

Quote from: audaciousbeing on November 03, 2019, 09:33:35 AM

Quote from: Bossian on October 28, 2019, 07:17:28 AM

https://www.lb.lt/en/news/mistertango-uab-fined-eu245-thousand-for-non-compliance-with-aml-requirements

Read on another forum that company accounts cannot send or receive money at the moment.

How about personal accounts? I have an account with them since 2018 and I start to worry. Not many crypto related services offering bank options these days.

When there are regulations, its in the best interest of the company to comply because without that, there will be consequences that will not augur well for the business which this is one of those. The fine is even the smallest of what they worry about but the public image because the moment one is fined for noncompliance, it means they are probably guilty of it in addition to the barring of transactions that comes with it. @Op unfortunately, there is nothing you can do than to wait till they clear their issue and move your funds elsewhere.

It would really be heading that way into those services doesnt comply with governments rules nothing surprising on here.If they do currently hold up deposits and withdrawal then this do basically connected into their current situation and as said it would be resume once its already been settled down. 245k euro fine isnt really that a small amount.
Im not aware on Mistertango services though but if they were a big one then its just a peanut fine.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: Bossian on October 28, 2019, 07:17:28 AM

https://www.lb.lt/en/news/mistertango-uab-fined-eu245-thousand-for-non-compliance-with-aml-requirements

Read on another forum that company accounts cannot send or receive money at the moment.

How about personal accounts? I have an account with them since 2018 and I start to worry. Not many crypto related services offering bank options these days.

When there are regulations, its in the best interest of the company to comply because without that, there will be consequences that will not augur well for the business which this is one of those. The fine is even the smallest of what they worry about but the public image because the moment one is fined for noncompliance, it means they are probably guilty of it in addition to the barring of transactions that comes with it. @Op unfortunately, there is nothing you can do than to wait till they clear their issue and move your funds elsewhere.

Bossian

member

Activity: 450

Merit: 59

https://www.lb.lt/en/news/mistertango-uab-fined-eu245-thousand-for-non-compliance-with-aml-requirements

Read on another forum that company accounts cannot send or receive money at the moment.

How about personal accounts? I have an account with them since 2018 and I start to worry. Not many crypto related services offering bank options these days.

Topic: Mistertango fined 245 000 euros for non compliance with anti money laundering (Read 221 times)