RatEx42 has officially added OSL Pay S.R.L. to its risk-rating platform following a forensic investigation into the “Shadow Rails” powering offshore crypto exchanges MEXC and WEEX. Listed under a “Critical Risk” status, OSL Pay represents the sophisticated evolution of transaction masking within the European Union.
The Milanese Gatekeeper
While registered with the Italian OAM as a Virtual Asset Service Provider (VASP), OSL Pay S.R.L. has emerged as the primary “Western Gateway” for exchanges currently operating without MiCA authorization. Our investigation confirms that OSL Pay acts as the Merchant of Record for both MEXC and its operational clone, WEEX.
Read the MEXC reports on FinTelegram.
By utilizing OSL Pay’s Milanese infrastructure, these offshore exchanges can offer Apple Pay, Google Pay, and credit card acquiring to EU citizens under the guise of a “compliant” Italian transaction, effectively shielding the flow of funds from banking compliance filters.
The Multi-Jurisdictional Web
The listing of OSL Pay is the final piece in a broader puzzle that connects the facilitators of the Chinese-controlled crypto exchanges MEXC and WEEX:
- The French Connection: The SEPA Instant rail via HEURO SAS (formerly Harmoniie).
- The Romanian Buffer: The contractual gateway via Finetix Limited S.R.L.
- The Italian Pipe: The credit card acquisition via OSL Pay S.R.L.
This triumvirate of European entities provides the regulatory “cover” required for MEXC and WEEX to drain liquidity from the European market while remaining safely anchored in offshore jurisdictions like the Seychelles and St. Vincent & the Grenadines.
Why OSL Pay is Now “Red-Flagged”
The RatEx42 listing (Listing ID: RX-2026-IT-OSLPAY) highlights a systemic failure in Know Your Business (KYB). A regulated Italian entity cannot, in good faith, facilitate the financial operations of exchanges that have been the subject of multiple regulatory warnings across the EEA. This “Institutional Facilitation” is a core focus of our current risk monitoring.
View the Full Compliance Profile
The comprehensive 17-point profile, including ownership links to the Hong Kong-based OSL Group and BGX, technical footprints, and a detailed breakdown of the MEXC partnership, is now live.
Go to the OSL Pay S.R.L. Profile on RatEx42
Whistle42: We Need Your Intelligence
The RatEx42 community is built on the courage of insiders. If you have information regarding the internal compliance overrides at OSL Pay or the commission structures shared with the MXC Foundation, we want to hear from you.
Submit evidence anonymously: Whistle42.com
