Notification of Concentration
In terms of regulation 5(4) of the Control of Concentrations Regulations, 2002 published in Legal Notice 294 of 2002, the Director General of the Office for Competition notifies for general information that a notification of a concentration between Jumio Acquisition LLC (California, United States) and FourStop GmbH (Cologne, Germany) was filed on Friday,3 December 2021.
The nature of the concentration is an acquisition of FourStop GmbH by Jumio Acquisition LLC.
Jumio Acquisition LLC on a global level, provides IT services to companies in the field of compliance, anti-fraud and risk management and transaction monitoring and operates a risk assessment platform offering a range of identity proofing and regulatory compliance services, such as Know Your Customer (KYC) and Anti-Money Laundering services. FourStop GmbH is also a global KYC, compliance and anti-fraud risk management company. FourStop’s customers are mainly finance and IT service providers. Both parties are involved in the provision of their respective services including KYC, identity verification and transaction management and anti-fraud services to Maltese business customers.
The Director General of the Office for Competition invites interested third parties to submit their written objections on this notified concentration within seven days following publication of this notice at the following address:
Malta Competition and Consumer Affairs Authority
Office for Competition
Mizzi House
Triq Nazzjonali
Blata l-Bajda, HMR 9010
Malta