OffshoreAlert
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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Argo Group International Holdings, Ltd.: $900K Fine

June 04, 2020 - Administrative Order imposing a $900,000 fine on Argo Group International Holdings, Ltd., a Bermuda-domiciled provider of insurance and reinsurance whose shares are listed on the New York Stock Exchange, for failing to disclose "over $5.3 million" in perquisites to Mark E. Watson III, its former CEO, president, and director, before the U. S. Securities and Exchange Commission.

Elektronik Service AG: Public Warning

June 03, 2020 - Public Warning by the Swiss Financial Market Supervisory Authority that Elektronik Service AG is "suspected of conducting unauthorised activities in the financial market". Editor's Note: Research by OffshoreAlert showed that, in the Swiss Commercial Registry, Elektronik Service AG does not currently have any authorized representatives. Previous members include Samuel Walch, of Zurich, and Wolfgang Pischl, described as a citizen of Austria..

ADCADA Investments AG PCC: Bond Ban

June 03, 2020 - Announcement by the Liechtenstein Financial Market Authority that it has banned a bond issued by ADCADA Investments AG PCC.

ADCADA Immobilien AG PCC: Bond Ban

June 03, 2020 - Announcement by the Liechtenstein Financial Market Authority that it has banned a bond issued by ADCADA Immobilien AG PCC.

Bainbridge Asia Ltd. et al: Permanent Bars

June 01, 2020 - Decision by the National Futures Association permanently barring Bainbridge Asia Limited, of Hong Kong, and Wai Man Yip, a.k.a. Patrick Yip, before the National Futures Association.

F1 Markets Ltd.: License Partial Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of F1Markets Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of F1 Markets Ltd. are identified as Alon Helbetz, Petros Mylonas, Elon Essar, Loukas Kokkinos, Maria Panagi, and Panagiotis Kallis, and the secretary as Stella Stylianou.

Rodeler Limited: License Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to suspend the license of Rodeler Limited. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Rodeler Limited are identified as Uzi Baruch, Kfir Cohen, Charalampos Georgakis, Ioannis Assiotis, and Dimitrios Leontis, and the secretary as Stella Stylianou.

Magnum FX (Cyprus) Ltd.: License Partial Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to partially suspend the license of Magnum FX (Cyprus) Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Andreas Matsas, George Miltiadou, Diana Jomantaite-Theocharous, Eliahu Eliron Shirazi, and Antonios Antoniou, and the secretary as Trea Secretarial Limited.

Hoch Capital Ltd.: License Suspension

June 01, 2020 - Decision by the Cyprus Securities and Exchange Commission to suspend the license of Hoch Capital Ltd. Editor's Note: Research by OffshoreAlert showed that, at the Cyprus Registrar of Companies, the directors of Hoch Capital Ltd. are identified as Rodion Rahnayev, Eleni Michailidou, Christodoulos Christodoulou, and Chrysoula Kitti Savva and the secretary as Dilea Secretarial Limited.

Equity Trust (Jersey) Ltd.: £115,575 Fine

June 01, 2020 - Public Statement by the Jersey FinancialServices Commission regarding a fine of £115,575 imposed on Equity Trust (Jersey) Limited

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.