Canamoney Exchange Ltd, doing business as CenturaPay, is a Canadian-registered MSB identified as a recurring payment facilitator for illegal offshore casino schemes. Operating as a fiat-to-crypto gateway, it provides the “on-ramp” liquidity necessary for unlicensed operators to accept global player deposits. R42 issues a High Risk signal due to its role in the obfuscated “Stellar” and “Spinbara” payment cascades.

R42 Risk Signal

• Traffic Light: 🔴 High Risk (Red)

• Confidence Grade: Confirmed (Regulatory Registration + Investigative Intelligence)

• Rationale: Significant exposure to unlicensed iGaming brands. The entity uses its FINTRAC status to mask high-risk gambling transactions as legitimate “foreign exchange” or “crypto purchases.”

Key Data Table

What the Company Does

CenturaPay operates a B2B payment gateway specializing in the high-risk sector. It allows merchants (casinos) to integrate a checkout widget where users can “buy crypto” via traditional bank rails. The crypto is then instantly routed to the merchant’s wallet, effectively bypassing the bank’s anti-gambling filters.

Regulatory & Legal Framework

• FINTRAC Oversight: While registered as an MSB, Canada’s regulatory oversight of MSBs historically focuses on AML reporting rather than “merchant vetting,” a loophole CenturaPay exploits to serve offshore casinos.

• Jurisdictional Arbitrage: By using a Canadian entity, they gain access to Tier-1 banking partners who would otherwise reject high-risk gambling traffic.

Ownership, Founders, Executives

The entity is controlled by Saeid Alizadeh. There is limited public information regarding his previous compliance background, which is a standard red flag for “shell-adjacent” MSBs in Canada.

Corporate Structure & Related Entities

CenturaPay is part of a cluster of Canadian MSBs that often share virtual offices or professional directors to maintain a low profile while processing high-volume international transfers.

Products, Integrations & Technical Footprint

The platform offers a “White Label” API for crypto on-ramps. Its technical stack is frequently found in “cascade” setups alongside brands like utPay and Daxchain.

Merchant / Customer Footprint

Deeply embedded in the Stellar Casinos environment and the Spinbara group. It is a preferred rail for German and Austrian players attempting to deposit at unlicensed Curacao-based sites.

Complaints, Allegations, Enforcement, Litigation

• FinTelegram Investigations: Flagged as a key link in the “Canadian Pipeline” for illicit gambling funds.

• Bank De-risking: Several banking partners have reportedly flagged Canamoney accounts for “inconsistent transaction patterns” related to high-volume retail crypto buys.

Risk Factors & Red Flags

• Transaction Masking: Using “Crypto Purchase” descriptors to hide iGaming deposits.

• Regulatory Misuse: Relying on the MSB registry to provide a veneer of legitimacy to illegal operations.

• High-Risk Association: Direct links to the Lazarus-linked AlphaPo ecosystem through merchant overlap.

Merchant Due-Diligence Checklist

• [ ] Check if the merchant is a licensed casino (Result: LIKELY NO).

• [ ] Verify the “Purpose of Payment” in the API logs (Result: MISLEADING).

• [ ] Perform a “Look-Through” on the underlying liquidity providers (Result: HIGH RISK).

Evidence Box (References)

• [FINTRAC MSB Search – M21295963]

• [FinTelegram Intelligence: The Canadian MSB Loophole]

• [Corporate Registry Canada – Canamoney File 12951591]

Update Log (Evergreen)

• Feb 2026: RatEx42 issues 🔴 Red Signal following identification of CenturaPay in Stellar Group payment stacks.

Call for Information (Whistle42)

Are you a banking partner of Canamoney Exchange Ltd? Do you have logs of transaction descriptors used by CenturaPay? Submit evidence anonymously at Whistle42.com.