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

Global Regulatory Warnings & Actions


Selected Warnings & Actions by Financial Regulators around the world.

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Elite Insurance Company Ltd.: Administration

December 11, 2019 - Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".

JAMLS Group Ltd.: License Revocation

December 11, 2019 - Public Notice by the Mauritius Financial Services Commission announcing the revocation of the "Category 2 Global Business Licence" of JAMLS Group Ltd.

All-Finanz-Regulierung GmbH: Public Warning

December 11, 2019 - Public Warning by the Swiss Financial Market Supervisory Authority regarding suspected unauthorized activities by All-Finanz-Regulierung GmbH, a company based and domiciled in Diepoldsau, St. Gallen, Switzerland whose corporate records filed with the Swiss Federal Registry of Commerce identify the firm's shareholder as Syncon GmbH and Managing Director as René Diener.

Agavero Insurance Ltd.: License Revocation

December 04, 2019 - Decision Notice by the Cayman Islands Monetary Authority announcing the license revocation of Agavero Insurance Limited.

John Mifsud: Reprimand

November 22, 2019 - Public Notice by the Malta Financial Financial Services Authority regarding a reprimand against John Mifsud.

Adrian Pace: Fine

November 22, 2019 - Public Notice by the Malta Financial Financial Services Authority regarding an administrative penalty against Adrian Pace.

David Bandimere: Findings & Sanctions

November 22, 2019 - Order Making Findings and Imposing Remedial Sanctions against David F. Bandimere regarding "two Ponzi schemes" - Nevis-domiciled IV Capital Ltd. and New Mexico-domiciled Universal Consulting Resources LLC - before the U. S. Securities and Exchange Commission.

Fedelta Trust Ltd.: Regulatory Fine

November 21, 2019 - Public Statement by the Isle of Man Financial Services Authority regarding "the imposition of a discretionary civil penalty" against Fedelta Trust Limited.

Kevin Manning: Public Statement

November 20, 2019 - Public Statement by the Jersey Financial Services Commission that Kevin Robert Manning, a former lawyer, is "not fit and proper to work in any capacity in or for any business regulated by the JFSC".

Labuan FSA Business Restrictions: November 19, 2019

November 19, 2019 - Notice by Labuan Financial Services Authority regarding Licensed Entities on which business restrictions have been imposed, November 19, 2019.

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.