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

Isle of Man FSC

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Ambitions Ltd.: Revocation

February 17, 2021 - Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Ambitions Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".

Finchpay Ltd.: Revocation

February 17, 2021 - Public Statement by the Isle of Man Financial Services Authority that it has revoked the registration of Finchpay Limited after its director Richard Ian Kissack "pleaded guilty to eight counts of VAT fraud and one count of VAT evasion".

Stephen Cryer: Disqualification

October 22, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has disqualified Stephen David Cryer, described as "a senior financial advisor", for not being "fit and proper", a penalty that the regulator stated "reflects the serious nature of the lack of integrity of Mr Cryer".

Island Financial Solutions Ltd.: £63K Fine

September 28, 2020 - Public Statement by the Isle of Man Financial Services Authority imposing a fine of £62,996 on Island Financial Solutions Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Isle of Man Companies Registry showed that Island Financial Solutions Limited was formed on October 12th, 2002 and, in the company's annual return for 2019, its directors and shareholders were identified as Michael Shane Twist, a.k.a. Mike Twist, and Stephen John Groom, a.k.a. Steve Groom, each described as a "Financial Advisor" who is a citizen of the United Kingdom.

Greg Taylor: Disqualification

September 25, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has disqualified Greg Nicholas Taylor, who worked as an insurance administrator.

Paul Deighton: Disqualified Director

August 11, 2020 - Notice by the Isle of Man Financial Services Authority that Paul Deighton has received a 12-year Disqualification. Editor's Note: In December, 2019, Deighton was sentenced to four years and nine months in prison after being convicted of swindling his clients out of nearly £700,000 in a fraudulent investment scheme via his company, Haven Administration Limited, according to a news article by the Isle of Man Examiner.

Isle of Man Assurance Ltd.: Fine

August 05, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £87,108 on Isle of Man Assurance Limited for "a number of regulatory failings".

Isle of Man Insurance Management Ltd.: Fine

August 05, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £7,770 on Isle of Man Insurance Management Limited for "a number of regulatory failings".

Citadel Insurance Company Ltd.: Fine

August 05, 2020 - Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £2,170 on Citadel Insurance Company Limited for "a number of regulatory failings".

Crypto Meca Ltd.: Registration Revocation

March 19, 2020 - Announced by the Isle of Man Financial Services Authority that the registration of Crypto Meca Limited was revoked for "failure to pay the annual fee".

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

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.