While SoftSwiss markets itself as a responsible technology provider for online gaming operators, its operations speak to something far more sinister—an intentional use of Curacao-based entities to obscure ownership, evade regulations, and potentially commit fraudulent activities.
Curacao has long been the go-to destination for companies looking to operate in the online gambling sector without the constraints of rigorous licensing and regulatory requirements. The jurisdiction is known for its lax approach to gambling laws, allowing operators to slip through the cracks of more heavily regulated countries. But SoftSwiss has taken this to another level, using Curacao-based companies to hide its true ownership and create a network of gambling platforms that are difficult to trace or regulate.
SoftSwiss has constructed a maze of entities based in Curacao, including Hollycorn N.V. and CoinsPaid, which serve as the backbone of its operations. These companies are used to hide the true ownership structure of the gambling platforms that SoftSwiss powers. This complicated network of shell companies allows SoftSwiss to bypass the rigorous regulatory standards of countries like the UK, Australia, and the EU, while still profiting from the unregulated markets they serve.
The issue here isn’t just about hiding ownership—it’s about creating an ecosystem where fraud can flourish. SoftSwiss and its affiliated entities have been linked to numerous reports of non-payment, regulatory evasion, and illegal operations. By using Curacao as a base, SoftSwiss can distance itself from any accountability, claiming that the platforms it powers are simply operating within the boundaries of their local laws. This is a blatant abuse of the system, and regulators must hold SoftSwiss accountable for its actions.
The use of Curacao entities isn’t just about avoiding oversight—it’s also about facilitating money laundering and other illicit activities. By routing payments through Curacao-based companies, SoftSwiss can obfuscate the flow of funds, making it harder for authorities to trace illicit transactions. This has been a common tactic used by many unlicensed gambling operators, but SoftSwiss has taken it to a new level, intertwining its operations with these entities to hide behind the legal loopholes of Curacao.
For consumers, this is a dangerous game. SoftSwiss’ partnership with Curacao-based companies makes it more difficult to trace where their money is going, or even if they’ll ever see it again. With no oversight, players are left vulnerable to scams and fraudulent practices that would not be tolerated in more regulated markets.
As SoftSwiss continues to use Curacao entities to mask its ownership, the inevitable regulatory crackdown will come. Countries that have previously tolerated this kind of corporate opacity will no longer turn a blind eye. When that happens, SoftSwiss and its Curacao-based shell companies will face an inevitable reckoning. Until then, consumers and investors alike must be wary of the dangerous games SoftSwiss is playing.
