Nickolas John Karantzis, its former managing director and chief executive officer, was also disqualified from managing corporations for six years and penalised $1 million for breaching his director's duties and failing to ensure information given to the ASX was not false or misleading. iSignthis was a business providing remote identity verification, transactional banking, and payment processing services, which engaged in a number of contraventions of the law between 2018 and 2020. It was delisted from the ASX on 4 November 2022. The penalty and disqualification orders follow an earlier judgment by Justice McEvoy finding that iSignthis: Justice McEvoy also found Mr Karantzis: On 7 December 2020, ASIC commenced civil penalty proceedings in the Federal Court against iSignthis Ltd and its managing director and chief executive officer Nickolas John Karantzis. On 21 June 2024, the Federal Court found iSignthis Ltd engaged in a number of contraventions of the law between 2018 and 2020.