iSignthis ditches licence bid as John Karantzis moves to Cyprus

·

iSignthis has confirmed its chief executive, John Karantzis, has relocated to Cyprus after the Australian Taxation Office lifted a departure prevention order relating to an unpaid $10 million tax bill, The Australian Financial Review (AFR) reports

Mr Karantzis’ relocation to Cyprus follows the demerger of most of iSignthis’ operations into a new company, ISX Financial EU, which is focused on providing services in Europe from a base in Cyprus.

Mr Karantzis has also stepped aside as managing director of the suspended payment company, but will remain as a non-executive director.

John Karantzis.

“Whilst I’m stepping down as CEO and managing director, I remain committed as a non-executive director to the company, and in particular to holding the ASX Ltd to account for their unprecedented actions against the company and its 10,000 plus retail shareholders,” Mr Karantzis told the AFR, referring to how ASX has suspended trading in iSignthis shares since late 2019.

iSignthis also confirmed it had withdrawn its application with the Australian Prudential Regulation Authority for a purchased payment facility, a type of limited banking licence.

Source: The Australian Financial Review.

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Sydney Olympic AGM: Hanlin tackles logo backlash, funding offers and a new direction

Sydney Olympic FC held its AGM on Tuesday, where President Damon Hanlin presented a wide-ranging update on the club’s future direction.

A legacy continued: Celebrating 50 years of the Navarino Society of SA

The 50th anniversary of the Navarino (Pylion) Society of South Australia was marked with a night of pride, nostalgia, and optimism.

Renos Haralambidis reflects on time, art, and the spirit of Hellenism during Sydney visit

Greek filmmaker Renos Haralambidis concluded an insightful and warmly received visit to Sydney, which featured his entire body of work.

Oakleigh Grammar marks OXI Day with heartfelt tributes and student-led performances

With emotion, pride, and deep respect for history, Oakleigh Grammar held its annual celebration for OXI Day on Tuesday, October 28. 

South Melbourne FC shines at historic launch of OFC Pro League in Auckland

South Melbourne FC joined football leaders at Auckland’s Eden Park for the historic launch of the OFC Pro League.

You May Also Like

Much-loved Sydney priest Father Nicholas Bozikis passes away

Much-loved Father Nicholas Bozikis from Sydney has passed away at the age of 79. Read more via The Greek Herald.

Councillor, Sandy Grekas, on gender abuse and harassment in local government

Independent Georges River Councillor, Sandy Grekas, has spoken out about gender abuse and harassment in local government.

Greek airline Sky Express partners with Qatar Airways

Greek airline Sky Express said, on Thursday, it had signed an agreement with Qatar Airways to cooperate on flights connecting Doha with the Greek...