Cyprus

Belight Capital Group Ltd.: License Revocation

Public Announcement by the Cyprus Securities and Exchange Commission that it has revoked the license of Belight Capital Group Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that the sole director of Belight Capital Group Ltd. was identified as Robert Ryan Porter.

D&V Pegasus Real Estate AIF VCIC Plc: License Revocation

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the license of D&V Pegasus Real Estate AIF VCIC Plc. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that the directors of D&V Pegasus Real Estate AIF VCIC Plc were identified as Gunther Glatzel, Gunter Jurgen Vorbauer, and Andreas Dimitriou, while the company's website at pegasusfm.com identified its "Board of Directors" as "Gunter J Vorbauer - Chairman; Andreas Demetriou - Vice Chairman; Christos Vakis - Member; Dr. Gunther Glatzel - Member", "External Manager" as MFO Asset Management Ltd., "Depositary" as Eurobank Cyprus Ltd., "External Auditors" as KPMG Ltd., "Legal Advisor" as Clerides Anastassiou Neophytou LLC, and "Investment Advisors" as Planet Properties (London) Ltd. and PPM Valuations LLC.

London Capital Group (Cyprus) Ltd.: €40K Fine

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €40,000 on London Capital Group (Cyprus) Limited for a regulatory breach. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that London Capital Group (Cyprus) Limited was incorporated in Cyprus on June 6th, 2016 and its sole director is Charles Henri Sabet.

Tintra AIF VCIC Ltd.: License Revocation

Public Notice by the Cyprus Securities and Exchange Commission announcing that it has withdrawn the authorization of five "Investments Compartments" of Tintra AIF Variable Capital Investment Company Ltd., an Alternative Investment Fund, because "the minimum assets were not raised within the extended timeframe". Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Tintra AIF Variable Capital Investment Company Ltd. was incorporated in Cyprus on July 4th, 2016 and its sole director is Richard Shearer, of the United Kingdom.

Indication Investments Ltd.: License Suspension

Public Notice by the Cyprus Securities and Exchange Commission that it has suspended the license of Indication Investments Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Indication Investments Ltd. was incorporated in Cyprus on July 26th, 2011 and its directors are Thomas Xydas, Viacheslav Aleksandrovich Taran, Andrei Nikolaev, Alexey Trifonov, and Giorgos Stylianou.

Alkis Aloneftis: €1K Fine

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €1,000 on Alkis Aloneftis for a regulatory breach.

Parallel Nominees Cyprus Ltd.: €70K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Parallel Nominees Cyprus Limited has paid €70,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Parallel Nominees Cyprus Limited was incorporated in Cyprus on February 19th, 2013 and its directors are Anastasia Evripidou and Katina Papanikolaou.

Depaho Ltd.: License Suspension

Public Notice by the Cyprus Securities and Exchange Commission announcing that it has suspended the license of Depaho Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Depaho Ltd. was incorporated in Cyprus on August 11th, 2011 and its directors are Hananel Levi, Charalampos Hatziokonomou, Aida Rizk, Petros Nakouzi, Neda Herodotou, and Marios Economou. On the company's website at www.depaho.eu, it is stated that Depaho Ltd. "operates under the brand names GTCM, FXGM and TradeApp" and, apart from Cyprus, "is also authorized by the South Africa Financial Sector Conduct Authority".

Vasilios Theocharakis: €35K Fine Upheld By Court

Public Announcement by the Cyprus Securities and Exchange Commission that the Administrative Court upheld a decision by CySEC to impose a fine of €35,000 on Vasilios Theocharakis for a regulatory breach involving "the Cyprus Popular Bank Public Co. Ltd.'s investment in Greek Government Bonds".

Christos Stylianides: €430K Fine Upheld By Court

Public Announcement by the Cyprus Securities and Exchange Commission that the Administrative Court upheld a decision by CySEC to impose a fine of €430,000 on Christos Stylianides for regulatory breaches involving "the Cyprus Popular Bank Public Co. Ltd.'s investment in Greek Government Bonds".

Atlas Capital Financial Services Ltd.: €160K Fine

Public Notice by the Cyprus Securities Exchange Commission that it has imposed a fine of €160,000 on Atlas Capital Financial Services Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Atlas Capital Financial Services Ltd. was incorporated in Cyprus on December 6th, 2007, is in the process of being struck off, to which an objection has been made and that its directors are Aleksandar Krtinic, of Serbia; Ljiljana Dragicevic, of Montenegro; Petar Gazivoda, of Cyprus; Dusko Knezevic, a citizen of Montenegro, and Zinon Ypsaridis.

Petar Gazivoda et al: Disqualifications

Public Notice by the Cyprus Securities Exchange Commission that it has temporarily disqualified Petar Gazivoda, of Cyprus; Dusko Knezevic, of Montenegro; Aleksandar Krtinic, of Serbia, and Ljiljana Dragicevic, of Montenegro, "from exercising professional activity related to the financial sector" for conduct regarding Cyprus-based investment firm Atlas Capital Financial Services Ltd.

Prior Capital Cy Ltd.: €100K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that "executive Board Members" Konstantin Yasnov, Vladimir Zalogin, and Ekaterina Zalogina have paid €100,000 to settle a regulatory investigation into Prior Capital Cy Ltd.

TeleTrade-DJ International Consulting Ltd.: €120K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that TeleTrade-DJ International Consulting Ltd., whose website states that it operates as an investment firm and forex broker, has paid €120.000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that TeleTrade-DJ International Consulting Ltd. was incorporated in Cyprus on September 1st, 2010 and its directors are Nikolas Leventis, Inna Leonova, Giannakis Georgiou, and Giorgos Konstantinidis.

VPR Safe Financial Group Ltd.: €100K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that VPR Safe Financial Group Limited has paid €100,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that VPR Safe Financial Group Limited was incorporated in Cyprus on May 13th, 2013 and its directors are Kostas Leonida, Andreas Kolonas, Agamemnon Ioannides, Yael Kleinman, and George Skordis.

X Global Markets Ltd.: €50K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that X Global Markets Ltd. has paid €50,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that X Global Markets Ltd. was incorporated in Cyprus on August 8th, 2011 and its directors are Alexander Eliades, Stavros Petrakidis, Panagiotis Damianou, Ali Dbouk, Samir Dbouk, and Wael Dergham, while the LinkedIn profile of Hadi Zaarour describes him as X Global Markets' "Chief Operating Officer & Chief Compliance Officer & AML".

Cyprus Trading Corporation Plc et al: Fines

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed fines on Cyprus Trading Corporation Plc, Woolworth (Cyprus) Properties Plc, Ermes Department Stores Plc, KDM Shipping Public Ltd., Liberty Life Insurance Public Company Ltd., Aias Investment Public Ltd., Harvest Capital Management Public Ltd., Rolandos Enterprises Public Ltd., Regallia Holdings & Investments Public Ltd., Isxis Investment Public Ltd., Exelixi Investment Public Ltd., A.L. Prochoice Group Public Ltd., and CPI Holdings Public Ltd. for regulatory breaches.

Maxigrid Limited: €75K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Maxigrid Limited has paid €75,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Maxigrid Limited, formerly known as AGM Markets Ltd., was incorporated in Cyprus on July 2nd, 2010 and its directors are Katerina Papanikolaou, Jekaterina Pedosa, and Roy Almagor, who appears to be a citizen of Israel.

Goldenburg Group Ltd.: €270K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Goldenburg Group Limited has paid €270,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Goldenburg Group Ltd. was incorporated in Cyprus on January 7th, 2014 and its directors are Matej Homola, Antonis Christoforou, Antreas Sieritis, Christos Avgoustinos, Ivor Lehotan, and Marinos Charalampous.

Hoch Capital Ltd.: €260K Settlement

Public Notice by the Cyprus Securities and Exchange Commission that Hoch Capital Ltd. has paid €260,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Hoch Capital Ltd. was incorporated in Cyprus on September 7th, 2012 and its sole director is Hamza Javaid. On Hoch Capital's website at hochcapital.com, it is currently stated that: "This is to inform you that Hoch Capital Ltd decided to terminate its activities by voluntarily requesting the renouncement of its license as a Cyprus Investment Firm."

Maxiflex Ltd.: €370K Settlement

Public Announcement by the Cyprus Securities and Exchange Commission that Maxiflex Ltd. has paid €370,000 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Maxiflex Ltd., which trades as EuropeFX, was incorporated in Cyprus on December 6th, 2013 and its directors are Kith Tzon Ioakeim, Marios Oikonomidis, Roy Almagor, Giorgos Ioulianos, and Ioannis Papapetrou.

Feldmans Management (Overseas) Ltd.: €5K Fine

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €5,000 on Feldmans Management (Overseas) Limited for a regulatory breach.

FinTailor Investments Ltd.: €46K Fine

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed a fine of €46,000 on FinTailor Investments Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in corporate filings on July 21st and October 29th, 2020, respectively, FinTailor Investments Limited identified its sole shareholder as Alkis Aloneftis, of Cyprus, and its directors as Alkis Aloneftis, Constantinos Hadjimiltis, also of Cyprus, and Dmitry Blokhin, a citizen of Russia, while the company's website at www.fintailor.com identified its "Board of Directors" as Kirill Lyushinskiy, "Managing Director"; Natalia Sorokina, "Independent Non-Executive Director", and Constantinos Hadjimiltis, "Independent Non-Executive Director".

Key Way Investments Ltd.: €120K Settlement

Board Decision by the Cyprus Securities and Exchange Commission announcing that Key Way Investments Ltd. has agreed to pay €120,000 to settle an action for "possible violations" of regulations. Editor's Note: Research by OffshoreAlert in the Cyprus Registrar of Companies showed that Key West Investments Ltd. was incorporated in Cyprus on March 4th, 2015, its directors are Wasim Zayed, Christina Koullapi, Loukas Kousios, Pavlos Iosifidis, Thomas Xydas, and Constantin Octavian Patrascu, and its secretary is PMG Islandserve Nominees Limited.

Royal Forex Ltd.: €270K Settlement

Board Decision by the Cyprus Securities and Exchange Commission that a settlement in the amount of €270,000 has been reached with Royal Forex Ltd. "for possible violations of The Investment Services and Activities and Regulated Markets Law of 2017". Editor's Note: Research by OffshoreAlert in the Cyprus Registrar of Companies showed that Royal Forex Limited was incorporated on October 10th, 2014, its directors are Pavel Siampanov, Christos Spanos, Andreas Samatas, Marios Naziris, and Giorgos Cheimonidis, and its secretary is Dilea Secretarial Limited.

Depaho Limited: €270K Settlement

Public Announcement by the Cyprus Securities and Exchange Commission that Depaho Limited has agreed to pay €270,000 to settle an action for "possible" regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cyprus Registrar of Companies showed that the directors of Depaho Limited are identified as Aida Rizk, Petros Nakouzi, Neda Herodotou, and Marios Economy.

UGL Exchange Ltd.: License Revocation

Decision by the Cyprus Securities and Exchange Commission to withdraw the Cyprus Investment Firm authorization of UGL Exchange Ltd.

Magnum FX (Cyprus) Ltd.: License Partial Suspension

Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of Magnum FX (Cyprus) Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Magnum FX (Cyprus) Ltd. are identified as Andreas Matsas, George Miltiadou, Diana Jomantaite-Theocharous, Eliahu Eliron Shirazi, and Antonios Antoniou, and the secretary as Trea Secretarial Limited.

F1 Markets Ltd.: License Partial Suspension

Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of F1Markets Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of F1 Markets Ltd. are identified as Alon Helbetz, Petros Mylonas, Elon Essar, Loukas Kokkinos, Maria Panagi, and Panagiotis Kallis, and the secretary as Stella Stylianou.

Hoch Capital Ltd.: License Suspension

Decision by the Cyprus Securities and Exchange Commission to suspend the license of Hoch Capital Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Rodion Rahnayev, Eleni Michailidou, Christodoulos Christodoulou, and Chrysoula Kitti Savva and the secretary as Dilea Secretarial Limited.

Rodeler Limited: License Suspension

Decision by the Cyprus Securities and Exchange Commission to suspend the license of Rodeler Limited. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Rodeler Limited are identified as Uzi Baruch, Kfir Cohen, Charalampos Georgakis, Ioannis Assiotis, and Dimitrios Leontis, and the secretary as Stella Stylianou.

Indication Investments Ltd.: €160,000 Settlement

Announcement by the Cyprus Securities and Exchange Commission that Indication Investments Ltd. paid €160,000 to settle "possible violations of its regulatory obligations". Editor's Note: Research by OffshoreAlert showed that, in records kept by the Department of Registrar of Companies, the directors of Indication Investments Ltd. are identified as Thomas Xydas, Viacheslav Aleksandrovich Taran, Andrei Nikolaev, Alexey Trifonov, Giorgos Stylianou, and Michalis Kyriakidis.

Yaroslav Martynenko et al: Sanctions

Announcement by the Cyprus Securities and Exchange Commission that it has imposed sanctions on Yaroslav Martynenko and Evgenios Martinides regarding PFX Financial Professional Ltd.

Belight Capital Group Ltd.: License Suspension

Decision by the Cyprus Securities and Exchange Commission to suspend the Cyprus Investment Firm license of Belight Capital Group Ltd. for suspected violations of the Investment Services and Activities and Regulated Markets Lat of 2017. Editor's Note: Research by OffshoreAlert at the Cyprus Registrar of Companies showed that Belight Capital Group Ltd. was incorporated in Cyprus on July 22nd, 2015 and has the following directors: Robert Ryan Porter, Pavlos Iosifidis, Chrysanthos Anastasiadis, and Thomas Xydas. The company has a website at www.belightcapitalgroup.com, where it operates a forex trading platform. Robert Porter, 42, who is British and has an address in Covent Garden, London, England, formed a company called Belight Capital Group Limited in England and Wales on January 7th, 2020, of which he is the sole shareholder and director, according to Companies House filings.

UGL Exchange Ltd.: License Suspension

Decision Notice by the Cyprus Securities and Exchange Commission announcing the suspension of the Cyprus Investment Firm license of UGL Exchange Ltd. Editor's Note: Research by OffshoreAlert showed that, in records kept by Cyprus' Registrar of Companies, UGL Exchange Ltd. was incorporated on April 8th, 2016 and its sole director is identified as Jian He. On its website at www.uglexchange.com, the company is described as a "Forex broker".