Australian court largely upholds six-year company management ban and A$11 million fine for former iSignthis CEO

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The Full Court of the Federal Court of Australia largely upheld the six-year ban on former iSignthis CEO Nickolas John Karantzis from managing companies, and retained the combined A$11 million fine imposed on him and the company. The case involved the failure to disclose one-off revenue and to tell investors that Visa had terminated its partnership in 2020 and why. Karantzis is currently managing director and group CEO of Cyprus-based e-money group Xryma.