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US judge again slams SEC for causing closure of Cayman's Caledonian Bank

November 10, 2015 - A federal judge in New York has again chastised the United States Securities and Exchange Commission for causing the collapse of Cayman Islands-based Caledonian Bank Ltd. "This case offers fertile ground for agency self-examination," stated U. S. District Judge William H. Pauley III in a pre-trial opinion today.

SEC v. Caledonian Bank Ltd. et al: Opinion & Order

November 10, 2015 - Opinion and Order in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd., Caledonian Securities Ltd., Clear Water Securities, Inc., Legacy Global Markets S.A., and Verdmont Capital, S.A. at the U. S. District Court for the Southern District of New York.

Bermuda Monetary Authority: Regulator or Promotional Agency?

November 10, 2015 - A few years ago, the then head of enforcement for the Bermuda Monetary Authority was rendered apoplectic on stage at an OffshoreAlert Conference after being asked to name a single individual or legal entity that the financial services regulator had ever penalized or disciplined since it was established in 1969. It's difficult to come up with names off the top of your head when they number so few. Financial regulators in the United States penalize more financial miscreants in a typical afternoon than the BMA has in its entire 46-year history. For promotional purposes, the BMA's message is 'We have one of the three biggest insurance markets in the world. Yes indeed, sniff, sniff, we're the world's risk capital'. For regulatory purposes, the message seems to be 'Insurance market? What insurance market?'.

Hermes One Ltd. v. Everbread Holdings Ltd.: Liquidation Application

November 09, 2015 - Liquidation Application in Hermes One Limited v. Everbread Holdings Limited at the British Virgin Islands High Court.

Lawrence Heath et al v. Dundee Merchant Bank et al: Writ of Summons

November 05, 2015 - Writ of Summons in Lawrence Beverley Heath and Willaud Corporation v. The Dundee Merchant Bank and Sharon Lexa Lamb at the Grand Court of the Cayman Islands. 

In the Matter of Vistaprint Technologies Ltd. et al

November 05, 2015 - In the Matter of Vistaprint Technologies Ltd. et al - Bermuda Supreme Court

Jorge Yarur Bascunan et al v. Daniel Yarur Elsaca et al: Freezing and Disclosure Order

November 03, 2015 - Freezing and Disclosure Order in Jorge Yarur Bascunan, Tarascona Corp., Hofstra Corp., Inmobiliaria Milano S.A., and Inmobiliaria e Inversiones Tauro S.A., as applicants v. Daniel Yarur Elsaca, Fintair Finance Corp., Hay's Finance Corp., Cary Equity's Corp., Alapinjdp Investing Corp., and Euweland Corp., as respondents, and Icaza Gonzales-Ruiz & Aleman (BVI) Trust Limited and Citco B.V.I. Limited at the British Virgin Islands High Court.

'Last request to remove details of my fraud charges,' writes Garry Milosevich

October 30, 2015 - Letter from convicted fraudster Garry Milosevich complaining about information on OffshoreAlert's web-site concerning his fraudulent activity.

Primeo Fund v. Bank of Bermuda (Cayman) Ltd. et al: Writ of Summons

October 29, 2015 - Writ of Summons in Primeo Fund v. Bank of Bermuda (Cayman) Limited and HSBC Securities Services (Luxembourg) SA at the Grand Court of the Cayman Islands. 

Brighton SPC: Liquidation Notice

October 09, 2015 - Public Notice by the Cayman Islands Monetary Authority that Brighton SPC was placed into liquidation on October 6th, 2015.
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DOJ Scores Big With Record-breaking Alstom FCPA Sentence -- Who's Next On the DOJ'S FCPA Hit List?
Eric Havian
By   Gordon Schnell      Late Friday, French power and transportation company Alstom S.A. was sentenced to pay a $772 million fine for violating the Foreign Corrupt Practices Act (FCPA) through its payment of millions of dollars in secret bribes to government officials across the gl