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First-ever FATCA conviction in US: Offshore banker Adrian Baron pleads guilty

September 12, 2018 - Offshore banker Adrian Baron faces up to five years in prison after becoming the first-ever person to be convicted in the United States under the Foreign Account Tax Compliance Act.

HSBC Bank Bermuda Ltd. v. Valerie Young et al: Originating Summons

August 31, 2018 - Originating Summons in HSBC Bank Bermuda Limited v. Valerie Gail Ashlyn Young and Barry Edward Showers at Bermuda Supreme Court.

Cayman Court unseals dozens of cases after OffshoreAlert exposé

August 30, 2018 - In the first seven months of this year alone, the international business court of the Cayman Islands concealed 21 insolvency petitions in which the liabilities collectively exceeded $1.2 billion, including five against companies listed on foreign stock exchanges. Their existence is only now known because the Court unsealed dozens of cases after OffshoreAlert's exposé of its draconian secrecy practices.

USA v. Basler Kantonalbank: Motion to Approve Deferred Prosecution Agreement

August 29, 2018 - Joint Motion for Approval of the Deferred Prosecution Agreement in USA v. Basler Kantonalbank at the U. S. District Court for the Southern District of Florida.

Loyal Bank Ltd.: Liquidation Notice

August 27, 2018 - Liquidation Notice by The Financial Services Authority of St. Vincent and the Grenadines regarding Loyal Bank Limited.

Clarien Bank Ltd. v. Michael Ingham et al: Originating Summons

August 24, 2018 - Originating Summons in Clarien Bank Limited v. Michael Joseph Ingham and Sirilak Yodpanya at Bermuda Supreme Court.

Clarien Bank Ltd. v. Henry Santucci, Jr. et al: Originating Summons

August 24, 2018 - Originating Summons in Clarien Bank Limited v. Henry Lincoln Santucci, Jr., Tannae Shauntell Santucci, Francine Dill, and Westport Trust Company Limited, as Trustee of the Marantha Trust at Bermuda Supreme Court.

USA v. Basler Kantonalbank: Criminal Information

August 22, 2018 - Criminal Information in USA v. Basler Kantonalbank at the U. S. District Court for the Southern District of Florida.

Clarien Bank Ltd. v. Gladwin Robinson: Writ of Summons

August 21, 2018 - Specially Endorsed Writ of Summons in Clarien Bank Limited v. Gladwin Robinson at Bermuda Supreme Court.

Credit Agricole Corporate and Investment Bank et al v. Black Diamond Capital Management, LLC: Petition to Amend Arbitration Award

August 21, 2018 - Petition to Vacate or Modify Amended Arbitration Award and Confirm Original Award in Credit Agricole Corporate and Investment Bank, Archimedes Funding IV (Cayman) Ltd., Copper River CLO Ltd., Endurance CLO I, Ltd., Green Lane CLO Ltd., Kennecott Funding Ltd., Landmark III CDO Ltd., Landmark IV CDO Ltd., Landmark V CDO Ltd., Landmark VI CDO Ltd., Landmark VII CDO Ltd., Landmark VIII CDO Ltd., Latitude CLO I, Ltd., THL Credit Loan Opportunity Ltd., f.k.a. McDonnell Loan Opportunity Ltd.; Ocean Trails CLO I, Permal Stone Lion Fund Ltd., Sands Point Funding Ltd., Stone Lion Portfolio LP, UBS AG, Stamford Branch, UBS Loan Finance LLC, WG Horizons CLO I v. Black Diamond Capital Management, LLC, BDC Finance LLC, Black Diamond CLO 2006-1, and Black Diamond Commercial Finance, LLC at the U. S. District Court for the Southern District of New York.

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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.