February 04, 2016 - Forfeiture Complaint in the amount of $219 million, Criminal Information, and Deferred Prosecution Agreement in USA v. Bank Julius Baer & Co. at the U. S. District Court for the Southern District of New York.
February 02, 2016 - The British Virgin Islands Financial Services Commission has applied to liquidate Crescent Corporate Services Limited "in the public interest".
January 23, 2016 - BVI-based AMS Insurance Management Services has been warned by the BVI Financial Services Commission for "obstructing" an investigation into one of its foreign clients, one of ten enforcement actions by the regulator during November - making it one of its busiest ever months.
January 18, 2016 - Liquidation Application in the BVI Financial Services Commission v. Crescent Corporate Services Limited at the British Virgin Islands High Court.
December 30, 2015 - Complaint in State Street Cayman Trust Company, Ltd., solely in its capacity as Trustee of Russell Emerging Markets Equity Fund, v. Petroleo Brasileiro S.A. - Petrobras at the U. S. District Court for the Southern District of New York.
December 07, 2015 - Complaint in ChinaCast Education Corporation v. Signature Bank, Bank of China, and HSBC Bank, a.k.a. HSBC North America Holdings Inc., at the U. S. District Court for the Southern District of New York.
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?'.
October 05, 2015 - Criminal Complaint in USA v. John W. Ashe, Francis Lorenzo, Ng Lap Seng, a.k.a. David Ng; Jeff C. Yin, a.k.a. Yin Chuan; Shiwei Yan, a.k.a. Sheri Yan; and Heidi Hong Piao, a.k.a. Heidi Park at the U. S. District Court for the Southern District of New York.
September 26, 2015 - The United Kingdom property market, particularly in London, has become a notorious money laundering tool for Russian oligarchs and other wealthy individuals in recent years. As a result, real estate prices have been surging and an increasing number of properties are owned through offshore entities.
September 22, 2015 - Letter to the Editor from Rewetiekoemar S. Kanhai complaining about OffshoreAlert's publication of a request for judicial assistance in the USA by Aruba regarding a criminal investigation into suspected money laundering by Oro Cash NV.