INTERBANX Cyprus: Banking for Scammers.

Interbanx is a new Cypriot banking service provider.

Interbanx provides individuals and companies with IBANS from Lithuanian EMI "verified payments uab" using the license of its parent company DCC Payments, Verified Payments UAB is known to sustain many investment and cryptocurrency scams in  Cyprus and abroad, meaning its only a matter of time before its getting investigated.

Zero insurance for your funds.

Interbanx is using VB as their IBAN provider, your funds are basically not insured in any way and you may lose all your money if any of the companies go through some bad times.

Target audience: personal and small businesses.

Interbanx is marketing its services to individuals and small to medium businesses in Cyprus which is a great danger as their IBAN provider is not insured in a standard way, there is absolutely no insurance that you will have access to your online banking tomorrow or even any deposit insurance in place, in case the bank goes boom all your funds are gone with it.

The ex. Lamda Fraudesters.

DCC Payments the parent and management company for Interbanx has the same management and some team members as LAMDA CARD SERVICES which was a well-known company in Cyprus in 2016 but managed to drive itself to bankruptcy due to poor management and director misconduct; using the company to launder vast amounts of money siphoned of binary options traders.

Is it safe to open an account?

Having the infamous Verified Payments Uab as your IBAN provider is surely a deal breaker for most serious businesses, regardless, if you are participating in any sort of dodgy business it might be worth a try, as many industry veterans in scams and fraud already use this Lithuanian EMI with success.