Comment by steventhedev 2 days ago
I can imagine the EU is far more interested in an EU flagged company doing business with Hezbollah who are a designated terrorist organization and subject to sanctions.
If there's one thing you learn quick in fintech - it's you absolutely do not fuck with sanctions.
From the BBC [1].
BBC Verify has accessed BAC’s company records, which reveal it was first incorporated in 2022 and has a single shareholder. It is registered to a building in Budapest's 14th district.
As well as BAC, a further 13 companies and one person are registered at the same building.
However, our search of a financial information database does not reveal that BAC has any connections to other companies or people.
The same database shows no trading information about BAC. For example, there are no records of any shipments between it and any other firms.
However, BAC's website, which is now inaccessible, previously said it was scaling up its business in Asia, and had a goal to "develop international technology co-operation among countries for the sale of telecommunication products".
The website listed one person as BAC’s chief executive and founder - Cristiana Bársony-Arcidiacono - and does not appear to mention other employees.
Some more information on this: https://x.com/Osint613/status/1836331854913225172
If it was a real company that would be the case. However from what I've read the journalists looking into BAC Consulting has found it to be a company in name only with no actual offices or hungarian employees.
It makes me slightly curious which company Israel convinced to actually produce these pagers and radios.