OmegaPro's fake banking license just got yanked by British regulators—for the second time in three years.

The Financial Conduct Authority has revoked OMP Money Ltd's registration as an e-money agent. The shell company can no longer issue electronic money or process payments, according to FCA records current as of publication.

This is OMP Money's second execution. The FCA first cancelled the license in June 2021, then inexplicably reinstated it on December 14th. When it came back, OmegaPro had rebranded the operation under a new parent company: Viola Money (Europe) Limited.

That move didn't help. Viola Money entered special administration on December 21st—just a week after OMP Money's resurrection. The FCA now restricts what the company can do. It cannot touch any funds or assets belonging to customers or other entities. It faces a hard £5,000 cap on transfers for its own operations. Weekly compliance reports to the FCA are mandatory.

The pattern screams money laundering, though the FCA's track record suggests the regulator moves at a glacial pace on securities fraud.

OMP Money was central to OmegaPro's con. The scheme dangled the company's FCA registration in marketing materials as proof it operated like "a bank." Investors bought it. They shouldn't have.

BehindMLM analyzed OmegaPro's structure in September 2021 and found what it was: a 200% ROI Ponzi scheme dressed up in fintech language. The numbers don't work. They never do.

Three men run the operation: Andreas Szakacs, Mike Sims, and Dilawar Singh. They claim to operate from Dubai, a jurisdiction notorious for sheltering MLM operators and crypto fraudsters.

Traffic to OmegaPro's website has declined over the past three months, according to Alexa estimates. But the damage is already done. The scheme's investors are scattered across vulnerable markets: 35% in Japan, 16% in Colombia, and 9% in Nigeria. OmegaPro holds no securities licenses in any of these countries.

The FCA's revolving-door approach to OMP Money raises questions. How did a shell company tied to an obvious Ponzi scheme get relicensed at all? Why did regulators wait weeks to move against Viola Money after its registration? These gaps matter. Every week a fraudulent operation stays operational, more money flows out of investors' accounts and into the operators' pockets.

For investors in Japan, Colombia, and Nigeria who poured money into OmegaPro believing OMP Money was legitimate, the FCA's delayed action offers cold comfort. The registration was always a mirage. Now it's officially gone.

🤖 Quick Answer

What is OmegaPro's latest regulatory status with UK authorities?
OmegaPro's shell company OMP Money Ltd lost its FCA registration as an e-money agent for the second time in three years. The Financial Conduct Authority revoked the license after initially cancelling it in June 2021, then reinstating it in December 2021. The company subsequently rebranded under Viola Money (Europe) Limited, which entered special administration in December 2021.

Why did OmegaPro's rebranding strategy fail?
OmegaPro attempted to circumvent regulatory restrictions by transferring operations to Viola Money (Europe) Limited following OMP Money's reinstatement. However, this restructuring proved ineffective as Viola Money entered special administration within one week of OMP Money's license resurrection, prompting additional FCA restrictions on fund handling and asset management.

**What restrictions now apply to

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