Merchant Warning on Moorwand (UPayCard)

Key Data

• Trading Name: Moorwand
• Legal Entity: UPayCard Ltd (Moorwand Ltd), UK
  UPC Consulting Ltd, UK
  PAP Onpoint Services Ltd, Cyprus
• Activities: high-risk payment processor
• Location: United Kingdom, Cyprus 
• Regulations: e-Money Institution (until 2019)
• Key People: Andrei Grati, Moldavia
  Alain Bazille, French
  Dana Sliman Yacin, French

UPayCard Ltd was founded in 2013 by French accountant Alain Bazille and received authorization from the UK FCA as an e-money institution. The company was renamed Moorwand in 2019 following the departure of Bazille as a director and controlling person. The UPayCard website was operated by Bazille’s Cyprus-based PAP Onpoint Services Ltd as of 2019. UPayCard was a notorious scam facilitator and money launderer and is now gone.

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