Bruc Bond used to be the payment brand operated by the Lithuanian Bruc Bond UAB (formerly Moneta International UAB), an e-Money Institution (EMI) regulated by the Bank of Lithuania. However, in April 2020, the Bank of Lithuania revoked the license. Allegedly, Bruc Bond has committed serious and systematic violations of regulatory provisions.
Now Brüc Bond is operated by Bruc Bond Pte Ltd, a company registered in Singapore and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act (No. 2 of 2019) authorized to provide cross-border money transfer services.
Bruc Bond has quite a history in the dark side of the Internet. Moneta International UAB was involved in numerous binary options scams as a payment service provider under its previous name. For example, the cooperation with David Cartu‘s vast binary options scheme GreyMountain Management Ltd (“GMM”) should be mentioned here, which financial market supervisory authorities warned against in various regulatory regimes. Moneta International was the payment facilitator of choice for the many Israeli broker scams.
In addition to Bruc Bond UAB, Nachum and Zoltovski operate several other financial service providers International Fintech UAB, Caspero, or Vericents. Nachum and Zoltovski also operated the now disappeared Payobin platform and co-controlled the Hermes Solution Podgorica DOO registered in Montenegro.