Nicosia, Cyprus,, August 9, 2025 / Prnewswire / – ISX Financial EU PLC (“The Company”) was informed by its director general and CEO, Mr. N Karantzis, which he will give an appeal against the outcome of the Australian procedure of the Federal Court which ended today.
The court ordered that Mr. Karantzis is disqualified to manage Australian companies for 6 years and is likely to pay One million dollars In a case brought by the regulator of Australian companies, resulting from the action in its role of CEO of Southern Cross Payments Limited in the events of 2018 and 2020.
The Council notes that the procedures were civil and non -criminal procedures and relate to disclosure and corporate communications about five to seven years ago in difficult and unprecedented circumstances with which the Southern Cross payment company has been faced.
Mr. Karantzis maintains solid history and manages regulated financial entities since 2017, especially as CEO of the Holding company of an ASIC level 1 Australian market operator between March 2020 And March 2022.
The ISX Financial board of directors fully maintains confidence in Mr. Karantzis.
Mr. Karantzis is unable to comment on the judgment since he will be attractive.
The Council declares that by virtue of its obligations as an institution in approved electronic money, it duly informed the competent authorities of the above questions and will undertake all the prescribed actions required under the laws and directives concerned which apply to it.
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Source ISX Financial UE PLC
