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

Cayman Islands Monetary Authority

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

CTS Captive Management (Cayman) Ltd.: License Revocation

January 05, 2021 - Decision Notice by the Cayman Islands Monetary Authority to revoke the Insurance Manager's License of CTS Captive Management (Cayman), Ltd. for regulatory breaches, including insolvency. Editor's Note: The directors of CTS Captive Management (Cayman), Ltd. are identified in the Decision Notice as John Rearer and Sarah Perry. Research by OffshoreAlert found that they are also senior officers of ALIC Underwriters, which is described on its website at alicunderwriters.com as "a Managing General Underwriter and Wholesale Insurance Broker, located in Fort Lauderdale, Florida".

Western International Trust Company Ltd.: CI$482K Fine

December 22, 2020 - Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$482,717 on Western International Trust Company Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Western International Trust Company Limited are Barry Bret Benjamin and Bohdan Petro Martiuk.

Three Lakes Insurance Company Ltd. et al: Cayman Strike-Offs

December 16, 2020 - Public Notice by the Cayman Islands Monetary Authority that insurers Three Lakes Insurance Company Ltd., Scottish Annuity & Life Insurance Company (Cayman) Ltd., Northwestern Memorial Insurance Company, and Centegra Insurance Services Ltd. "failed to satisfy the Authority's termination requirements in order to surrender their licences for cancellation" and, therefore, have been "struck off the Companies Register".

CIMA 'Warning Notice': 'Non-Compliant' Directors

December 14, 2020 - 'Warning Notice' by the Cayman Islands Monetary Authority identifying 1,369 "registered directors" who are "non-compliant with the "Directors Registration and Licensing Act, 2014".

Cainvest Bank and Trust Ltd.: CI$100K Fine

November 10, 2020 - Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$100,000 on Cainvest Bank and Trust Limited for regulatory breaches.

Premier Assurance Group SPC Ltd.: 'Provisional Liquidation' Announcement

October 28, 2020 - Public Notice by the Cayman Islands Monetary Authority announcing that Premier Assurance Group SPC Ltd. has gone into Provisional Liquidation.

Platinum Partners Funds et al: License Cancellations

October 15, 2020 - Decision Notice by the Cayman Islands Monetary Authority Platinum Funds cancelling the mutual fund registrations of Platinum Partners Credit Opportunities Fund International (A), Ltd., Platinum Partners Credit Opportunities Fund International, Ltd., Platinum Partners Liquid Opportunity Fund (International) Ltd., and Platinum Partners Liquid Opportunity Master Fund L.P. for regulatory breaches, including suspected insolvency and Mark Alan Nordlicht not being "a fit and proper person".

Premier Assurance Group SPC Ltd.: Public Notice

September 23, 2020 - Public Notice by the Cayman Islands Monetary Authority announcing it has appointed Jeffrey Stower and Jason Robinson, of KPMG, to assume control of Premier Assurance Group SPC Ltd. and "found Jorge Eduardo Falcon and Leonardo Cornide, two of Premier's directors, not fit and proper to hold the position of director of a licensee".

Focus Administration Ltd.: License Revocation

July 13, 2020 - Decision Notice by the Cayman Islands Monetary Authority revoking the Full Mutual Fund Administrators License of Focus Administration Limited.

Alesia Re SPC: License Revocation

June 29, 2020 - Decision Notice by the Cayman Islands Monetary Authority revoking the Insurer License of Alesia Re SPC.

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.

View Recent Digests

BAHAMAS  
BERMUDA  
BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  
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.