Australian court upholds disqualification penalty for former iSignthis CEO
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On November 3, 2026, Finance Magnates reported that the Full Court of the Federal Court of Australia largely upheld a six-year ban on former iSignthis CEO Nickolas John Karantzis from managing corporations, and retained a combined fine of A$11 million for him and the company. The case concerned Karantzis’s failure to disclose one-off revenue, and failure to tell investors that Visa had terminated its partnership with iSignthis in 2020 and the reason for the termination. The report also said that Karantzis is currently managing director and group CEO of Cyprus-based electronic money group Xryma.
AI-written from reports · updated 2 hours ago
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- Finance MagnatesAustralian court largely upholds six-year company management ban and A$11 million fine for former iSignthis CEO
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.
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