According to anonymous employees, the group has been troubled by financial irregularities for many years. conduct has come under scrutiny in multiple jurisdictions.
According to a report by NEXT.io on July 12, 2024, ComplianceOne Group provides compliance solutions for gaming operators is entering bankruptcy proceedings. The company's CEO attributed the development to his company's failure to secure enough contracts.
CEO Antonio Zanghi told NEXT.io that his team will no longer be able to meet its financial obligations. Meanwhile, Zanghi could not comment further on the issue before bankruptcy proceedings begin, but noted that it would follow bankruptcy procedure rules.
As background, ComplianceOne Group has tried to be a one-stop shop for carriers, providing them with all the compliance tools they need . It had 22 employees at the beginning of the year. Needless to say, many of them were unhappy with this development.
Employee dissatisfaction NEXT.io spoke with former employees who chose to remain anonymous. In the news outlet's interviews with former ComplianceOne workers, it learned the group's hurdles began long ago.
The group has come under scrutiny for financial irregularities in multiple jurisdictions, according to anonymous employees. Some workers have even repeatedly complained about delayed wage payments.
Even worse, some workers are finding that pension and social security contributions deducted from their wages are not paid in . As a result, the company was even reported to the UK’s pensions regulator.
At the same time, former employees accused Zanghi of not paying employee wages and pensions in multiple countries. The businessman is also accused of creating and dissolving entities to avoid legal tax obligations.
Dissatisfied employees reported Zanghi to various authorities in the UK and the Netherlands.
An employee discussed the issue on LinkedIn, saying that some people were hired and worked for three full months without getting paid remuneration. "New employees are hired, while others are left with their bills paid but no paycheck, desperately looking for new jobs to be able to support their families," the employee said.
However, now that regulators have stepped in, disgruntled employees are optimistic the number of court cases will "reach double digits".
CEO Zanghi responded to the accusations Zanghi commented on the accusations, telling NEXT.io that the situation is not a bad one The result of faith or deliberate avoidance, but rather the consequences of a “deteriorating financial situation.” He noted that his company had sought support from UK insolvency practitioners to allow ComplianceOne to pay all outstanding debts.
Unfortunately, the company's financial difficulties prevent it from meeting its obligations, meaning these debts will be included in the bankruptcy debts .
Zanghi also attributed social security contributions to errors in certain jurisdictions.
CEO pledged that company operates with "sincere belief" that it can resolve its debt through trading and revenue generation .
