OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

BANKS

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

SEC v Caledonian Bank: Motion to Intervene by Sentinel Trust Services

February 12, 2016 - Motion to Intervene by Sentinel Trust Services Ltd. in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

Caledonian Bank 'owner' seeks to block SEC settlement & force regulator to pay damages

February 12, 2016 - Cayman Islands-domiciled Sentinel Trust Services - claiming to be the owner of Caledonian Bank - is seeking to block the bank's proposed securities fraud settlement agreement with the SEC and force the regulator to pay damages for causing the bank's collapse.

Caledonian Bank officers 'complicit' in $38 m securities fraud, says SEC

February 08, 2016 - Records provided to the U. S. SEC by the liquidators of Cayman Islands-domiciled Caledonian Bank show that "high-level employees" of the bank were "complicit" in a pump-and-dump securities fraud by clients that netted a $38 million profit, says the regulator. Caledonian has agreed to pay $25 m in "disgorgement" but the SEC has agreed to "forgo payment" due to the bank's insolvency.

SEC v. Caledonian Bank Ltd. et al: Proposed Settlement

February 08, 2016 - Proposed Settlement in U. S. Securities and Exchange Commission v. Caledonian Bank Ltd. and Caledonian Securities Ltd. at the U. S. District Court for the Southern District of New York.

Fidelity Bank (Cayman) Ltd. v. Linroy McLaughlin: Writ of Summons

February 04, 2016 - Writ of Summons in Fidelity Bank (Cayman) Ltd. v. Linroy Linford McLaughlin at the Grand Court of the Cayman Islands.

Fidelity Bank (Cayman) Ltd. v. Merle McGann-Burke: Originating Summons

February 04, 2016 - Originating Summons in Fidelity Bank (Cayman) Ltd. v. Merle McGann-Burke at the Grand Court of the Cayman Islands.

USA v. Bank Julius Baer & Co.: Forfeiture Complaint, Criminal Information & Deferred Prosecution Agreement

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.

AMS Insurance warned for 'obstructing' BVI regulatory investigation

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.

HSBC Bank Bermuda Ltd. v. St. Clair Sean Tucker et al: Originating Summons

January 14, 2016 - Originating Summons in HSBC Bank Bermuda Limited v. St. Clair Sean Tucker and William John Carr at Bermuda Supreme Court.

HSBC Bank Bermuda Ltd. v. Kiaune Basden: Originating Summons

January 13, 2016 - Originating Summons in HSBC Bank Bermuda Limited v. Kiaune Michael Basden and Brenda Victorine Basden at Bermuda Supreme Court.
OffshoreAlert Conference

OffshoreConnect Free Sign Up

Stay informed & connected

  • Free Email Alerts on Breaking News
  • Free Access to Blogs by Industry Leaders
  • Free Contribute to Due Diligence Forums
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