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iSignthis also confirmed it had withdrawn its application with the Australian Prudential Regulation Authority for a purchased payment facility, a type of limited banking licence.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

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

NT misses out on ALDI, but Greek Australian locals say fresh is best

While many Northern Territory locals say they would welcome an ALDI, some are happy to shop local for fresh produce.

Victoria Police seek public help to locate wanted man Peter Tsimiklis

Police are appealing for public assistance to help locate Peter Tsimiklis. The 46-year-old is wanted on warrant.

Thanasis Nicolaou case Judge to appeal termination

Former Cypriot judge Doria Varoshiotou will appeal her dismissal after the judicial council ruled she was unfit to serve as a tenured judge.

Thousands evacuated as wildfires rage across Crete and Attica

Greece has been grappling with a series of wildfires this week, with the most severe outbreak taking place on the island of Crete.

Greek hopes end as Maria Sakkari eliminated by former Wimbledon champion

Greece’s Maria Sakkari has been knocked out of Wimbledon in the second round, following a straight-sets defeat to Elena Rybakina.

You May Also Like

Pandora Papers: Law firm founded by Cypriot President named in offshore data leak

A law firm founded by the president of Cyprus, Nicos Anastasiades, has been named in the so-called Pandora Papers.

Basil Zempilas set to be elected as WA Liberals candidate ahead of state election

Perth’s Lord Mayor Basil Zempilas is on track to become the candidate for the WA Liberals for the 2025 state election. 

ICAC finds former NSW Premier Gladys Berejiklian engaged in corrupt conduct

The NSW Independent Commission Against Corruption has handed down the findings of a corruption probe into former Premier Gladys Berejiklian.