#CasinoSecrets

Investigating the Offshore Online Gambling Industry

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Green Forest Group N.V.

Gaming OperatorRegistered July 16, 2024
1
Applications
2
Domains
12
Related Entities
0
Locations

OGL/2024/1856/1063

Granted
Submitted: November 5, 2024End Date: July 23, 2025

Customer

Contact
Ruslan Iusifov
Email
legal@epybet.com
Company
Green Forest Group N.V.

Review Timeline

Verification
SLShamira Leolina (User_81)
Due Diligence
AAAnton Axiaq (AAX)
Background Check
AAAnton Axiaq (AAX)
Background Check
PWPhilippe Warzee (PW)
Background Check
AAAnton Axiaq (AAX)
Due Diligence
STSarah Tua (ST)
Due Diligence
LCLuca Camilleri (LC)
Suitability
HSHilary Stewart Jones (HSJ)
Suitability
CHCeline Houareau (CLHR)
Approval
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
DEDennis Engelhardt (CGA User DE)
Conditionally Issued
MMMario Marques Ricardo (CGA User 60)

Compliance Checklists

Application Verification ReviewCritical1 item
PAGE 2: QUESTIONS 8 AND 9 - online gaming license application formQuestionMinorDue Oct 16, 2024

The currency details in Questions 8 and/or Question 9 are missing. Kindly fill currency details and resubmit the form.

The currency details in Questions 8 and/or Question 9 are missing. Kindly fill currency details and resubmit the form.

Application Verification ReviewCritical7 items
PAGE 3: QUESTION 19QuestionCriticalDue Nov 4, 2024

The response to Question 19.1 is missing. Kindly fill Question 19.1 and resubmit the form.

The response to Question 19.1 is missing. Kindly fill Question 19.1 and resubmit the form.

PAGE 6: QUESTION 39QuestionMinorDue Nov 4, 2024

The form has a different contact person email address in Question 39 from that of the portal administrator. Kindly change the email address and resubmit the form or contact the GCB for changes in the contact email.

The form has a different contact person email address in Question 39 from that of the portal administrator. Kindly change the email address and resubmit the form or contact the GCB for changes in the contact email.

Share LedgerShare LedgerCriticalDue Nov 4, 2024

The enclosed document, Share ledger of the applicant company is incorrect . Kindly submit only the necessary documentation.

The enclosed document, Share ledger of the applicant company is incorrect . Kindly submit only the necessary documentation.

Share Ledger - SMGWW LTDShare LedgerCriticalDue Nov 4, 2024

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

Share Ledger - SMGWW LTDShare LedgerCriticalDue Nov 18, 2024

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

Share Ledger - SMGWW LTDShare LedgerCriticalDue Nov 18, 2024

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

The Share ledger of SMGWW LTD is missing. Kindly resubmit.

PAGE 2: QUESTIONS 8 AND 9- Online Gaming License Application FormQuestionMinorDue Nov 4, 2024

The currency details in Questions 8 and/or Question 9 are missing. Kindly fill currency details and resubmit the form.

The currency details in Questions 8 and/or Question 9 are missing. Kindly fill currency details and resubmit the form.

Application Due Diligence ReviewCritical22 items
QPA/2024/02326 - Vasilii Oreshkin - PHDFMiscellaneousCriticalDue Apr 17, 2025

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

QPA/2024/02326 - Vasilii Oreshkin - PHDFMiscellaneousCriticalDue Apr 17, 2025

The PHDF must be filled out, signed and verified digitally. Please resubmit.

The PHDF must be filled out, signed and verified digitally. Please resubmit.

QPA/2024/02326 - Vasilii Oreshkin - PHDFMiscellaneousCriticalDue Apr 17, 2025

The PHDF must be filled out, signed and verified digitally. Please resubmit.

The PHDF must be filled out, signed and verified digitally. Please resubmit.

QPA/2024/02351 - Antonis Antoniou - PHDFMiscellaneousCriticalDue Apr 17, 2025

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

QPA/2024/02325 - Ruslan Iusifov - PHDFMiscellaneousCriticalDue Apr 17, 2025

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

QPA/2024/02325 - Ruslan Iusifov - Letter of engagementCuriculum VitaeCriticalDue Apr 17, 2025

Please provide a letter of engagement as a CFO and a CV.

Please provide a letter of engagement as a CFO and a CV.

QPA/2024/02485 - Xenia Cucerenco - PHDFMiscellaneousCriticalDue Apr 17, 2025

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

QPA/2024/02485 - Xenia Cucerenco - Proof of addressProof of AddressCriticalDue Apr 17, 2025

Please upload a valid utility bill as a proof of address.

Please upload a valid utility bill as a proof of address.

QPA/2024/02485 - Xenia Cucerenco - Letter engagement and CVCuriculum VitaeCriticalDue Apr 17, 2025

Kindly submit a curriculum vitae and an engagement letter for the position of compliance officer.

<p class="MsoNoSpacing">Kindly submit a curriculum vitae and an engagement letter for the position of compliance officer.<o:p></o:p></p>

QPA/2024/02485 - Xenia Cucerenco - PHDFMiscellaneousCriticalDue Apr 17, 2025

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

You must fill out, sign, and verify the PHDF digitally. Please resubmit.

Corporate StructureMiscellaneousHighDue Apr 24, 2025

Resubmit corporate structure signed by the director of the company

Resubmit corporate structure signed by the director of the company

Trust DeedShare LedgerCriticalDue Apr 24, 2025

Submit a certified copy of the trust deed between Ruslan Iusifov and the UBO, clearly identifying the UBO and his % holding in SMGWW Ltd

Submit a certified copy of the trust deed between Ruslan Iusifov and the UBO, clearly identifying the UBO and his % holding in SMGWW Ltd Antonis Antoniou indicated role as Trustee. This is not evidenced by the corporate structure or share ledger submitted. Clarify

Business PlanBusiness PlanCriticalDue Apr 24, 2025

Financial forecasts are not attached. Submit financial forecasts. The 'CEO' role in the management structure is not clear. Kindly confirm/identify CEO.

Financial forecasts are not attached. Submit financial forecasts. The 'CEO' role in the management structure is not clear. Kindly confirm/identify CEO.

Business PlanBusiness PlanCriticalDue Apr 24, 2025

Financial forecasts are not attached. Submit financial forecasts. The 'CEO' role in the management structure is not clear. Kindly confirm/identify CEO.

Financial forecasts are not attached. Submit financial forecasts. The 'CEO' role in the management structure is not clear. Kindly confirm/identify CEO.

Articles of IncorporationArticles of IncorporationCriticalDue Apr 24, 2025

Submit a certified copy in English translation of the AIs of SMGWW Ltd

Submit a certified copy in English translation of the AIs of SMGWW Ltd

Financial StatementsFinancial AuditCriticalDue Apr 24, 2025

Submit signed financials, in whatever form, for the first year of operation of the company

Submit signed financials, in whatever form, for the first year of operation of the company

Company DetailsOperationsCriticalDue May 7, 2025

The registered domain must be operated by the Curacao registered applicant entity. Kindly amend.

The registered domain must be operated by the Curacao registered applicant entity. Kindly amend.

CGA Dynamic SealOperationsCriticalDue May 7, 2025

The CGA's dynamic seal must be displayed on the homepage footer of the registered domain. Please refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

The CGA's dynamic seal must be displayed on the homepage footer of the registered domain. Please refer to the instructions on the following page for the proper display of the dynamic seal: https://portal.gamingcontrolcuracao.org/

AML PolicyMiscellaneousCriticalDue May 7, 2025

The AML policy must adhere to Curacao AML laws. Please submit.

The AML policy must adhere to Curacao AML laws. Please submit.

Player RegistrationPlayer RegistrationCriticalDue May 7, 2025

The registration form does not require the player's name, address, country or DOB. This information must be collected at the latest prior to the first deposit. Kindly amend.

The registration form does not require the player's name, address, country or DOB. This information must be collected at the latest prior to the first deposit. Kindly amend.

Governing LawOperationsCriticalDue May 7, 2025

The T&Cs must be governed by the laws of Curacao. Kindly amend.

The T&Cs must be governed by the laws of Curacao. Kindly amend.

QPA/2024/02325 - Ruslan IusifovMiscellaneousCriticalDue Apr 15, 2026

All enclosures must be certified, and a new digital PHDF file must be uploaded that reflects his new position.

All enclosures must be certified, and a new digital PHDF file must be uploaded that reflects his new position.