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USA v. Andrew McAlpine: Bond Hearing Minutes

September 26, 2020 - Clerk's Minutes of Bond Hearing in USA v. Andrew McAlpine, a citizen of Canada residing in the Cayman Islands, at the U. S. District Court for the Middle District of Florida.

Natixis Investment Managers S.A.: €27K Fine

September 24, 2020 - Public Statement by the Luxembourg CSSF that it has imposed a fine of €27,000 on Natixis Investment Managers S.A. for regulatory breaches.

Quamvest S.A.: €23K Fine

September 24, 2020 - Public Statement by the Luxembourg CSSF that it has imposed a fine of €23,000 on Quamvest S.A. for regulatory breaches.

KBC Bank Ireland Plc: €18M Fine

September 24, 2020 - Public Announcement by the Central Bank of Ireland that it has "reprimanded and fine KBC Bank Ireland Plc €18,314,000" for regulatory breaches.

Notz, Stucki Europe S.A.: Warning

September 24, 2020 - Public Statement by the Luxembourg CSSF that it has imposed "a warning on the investment fund manager Notz, Stucki Europe S.A." for regulatory breaches.

BMW et al: $18M Fine

September 24, 2020 - Administrative Order imposing a fine of $18 million in U. S. Securities and Exchange Commission v. Bayerische Motoren Werke Aktiengesellschaft, of Germany; BMW of North America, LLC and BMW US Capital, LLC, both of Delaware, regarding "inaccurate disclosures ... of its retail vehicle sales volume in the United States".

BT International Ltd.: Cease New Business

September 24, 2020 - Public Statement by the Malta Financial Services Authority that it has ordered fiduciary services provider BT International Limited to "refrain from onboarding new clients and refrain from providing existing clients with any new or additional services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that BT International Limited was incorporated on January 24th, 2007 and that its directors are Manuel Castagna, Karl Cini, and Brian Tonna, all citizens and residents of Malta, and its sole shareholder is Nexia BT Holdings Limited, of Malta. Previous directors include Oliver Zammit, who resigned effective May 14th, 2020, while Pierre Fiorentino was "removed" as the company's auditor effective April 9th, 2020. Nexia BT Holdings Limited was incorporated on January 27th, 2012 and its directors are Manuel Castagna, Karl Cini, and Brian Tonna and its shareholders are Nexia BT, of Malta, and Brian Tonna.

BTI Management Ltd.: Cease New Business

September 24, 2020 - Public Statement by the Malta Financial Services Authority that it has ordered corporate services provider BTI Management Limited to "refrain from onboarding new clients and refrain from providing existing clients with any new or additional services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that BTI Management Limited was incorporated on June 11th, 2010 and that its directors are Manuel Castagna, Karl Cini, and Brian Tonna, all citizens and residents of Malta, and its shareholders are Nexia BT Holdings Limited, of Malta, and Brian Tonna, of Malta. Previous directors include Oliver Zammit, who resigned effective May 14th, 2020, while Pierre Fiorentino was "removed" as the company's auditor effective April 9th, 2020. Nexia BT Holdings Limited was incorporated on January 27th, 2012 and its directors are Manuel Castagna, Karl Cini, and Brian Tonna and its shareholders are Nexia BT, of Malta, and Brian Tonna.

Marex Spectron International, Ltd.: $120K Fine

September 23, 2020 - Administrative Order imposing a fine of $120,000 on Marex Spectron International, Ltd., of England, described as "a registered introducing broker".

Ontario Securities Commission v. Adriana Rios Garcia: Discovery Application

September 23, 2020 - Ex Parte Application by the Ontario Securities Commission to take discovery from Adriana Rios Garcia, a.k.a. Adriana Shaw, described as a resident of Miami and Colombia and the "principal" of Global Bioenergy Resource SAS, of Colombia, for use in "proceedings before the Commission" against First Global Data Ltd., Global Bioenergy Resources Inc., Nayeem Ali, Maurice Aziz, Harish Bajaj, and Andre Itwaru for alleged fraud, filed at the U. S. District Court for the Southern District of Florida.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.