Investigation into SoftSwiss reveals significant concerns regarding illegal online gambling operations

The investigation by Bavarian broadcaster BR into SoftSwiss reveals significant concerns regarding illegal online gambling operations linked to the company and its founder, Ivan Montik. Here’s a summary of the key points from the report:

Overview of the SoftSwiss Case
– SoftSwiss: Founded by Ivan Montik, the company is identified as a major player in operating illegal online casinos, particularly targeting the German market.
– Wirecard Connection: SoftSwiss and its associated entity, Direx N.V. (now Dama N.V.), processed over €61 million through Wirecard, which collapsed in 2020 amid a major financial scandal.
– Regulatory Findings: The Australian Communications and Media Authority (ACMA) confirmed the involvement of Montik and Maksim Trafimovich in operating illegal gambling platforms.

Key Findings
1. Illegal Gambling Operations: SoftSwiss is implicated in running illegal online gambling sites, with operations extending across multiple jurisdictions.
2. Financial Transactions: Significant financial transactions through Wirecard raise questions about the legitimacy of SoftSwiss’ operations.
3. Complex Ownership Structures: The network employs intricate ownership arrangements to obscure true ownership and evade regulatory scrutiny.
4. Involvement of Jan Marsalek: The former Wirecard executive’s direct engagement with SoftSwiss adds a layer of suspicion to the operations.

Structure of the SoftSwiss Network
– Entities Involved:
– Stable Aggregator Ltd (Malta): Main operating entity.
– N1 Interactive Ltd (Malta): Gambling operator fined by Dutch regulators.
– Dama N.V. (Curaçao): Operated former Direx N.V.
– Befree Ltd (Cyprus): Linked to Montik and Kashuba.
– True Infrastructure Ltd (North America): Supports operations.

Regulatory Challenges
– German regulators, such as GGL, face difficulties in addressing illegal gambling due to the ability of overseas operators to circumvent regulations like IP blocking and payment restrictions.
– SoftSwiss does not hold a license in Germany and has not applied for one, highlighting regulatory gaps.

Conclusion and Call to Action
The investigation underscores the need for urgent regulatory intervention to address the illegal gambling network associated with SoftSwiss. The Scam-Or Project encourages whistleblowers to provide information about SoftSwiss and related entities to aid in further investigations.

Submission of Information
Whistleblowers with knowledge about SoftSwiss or related operations are encouraged to submit tips securely via Whistle42.com.

This comprehensive overview highlights the serious implications of the findings and the necessity for regulatory bodies to take action against illegal gambling operations.

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