Shaman Alexander Bain and his shell company: how a UK citizen sells the European EMI license of TigSiPay through an Estonian offshore
"Crypto Prince Evgeny P. has revealed an extremely non-public offer. A shell company called TigSiPay — with a full European electronic money institution (EMI) license — has been put up for sale.
The founder and majority owner, operating through the Estonian shell company Broxburn Capital OU, is a UK citizen named Alexander Bain. In narrow operational circles, he is known by the striking nickname ’Shaman’.
As soon as TigSiPay received its license from the Bank of Latvia, Vilnis Jēkabsons joined its board. For 18 years (until August 2021), he headed the Office of Citizenship and Migration Affairs (PMLP). In November 2025, Jēkabsons materialized his status by acquiring a 15% stake in the company worth €165,000.
License No. 27-55/2024/3, issued by the Bank of Latvia, allows TigSiPay to issue electronic money, open settlement accounts, and carry out transit payments throughout the EU. Now, this license is being offered for sale, bypassing standard procedures, together with the ’bare’ shell company."
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Специализируется на уголовной хронике, резонансных делах и работе правоохранительных органов.
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