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Sanjay Kumar Mehta: Disqualification

December 30, 2020 - Public Notice by the Mauritius Financial Services Commission that it was disqualified Sanjay Kumar Mehta, who was described as a "director of Beaufort Management Services Ltd.", for regulatory breaches.

Hemavadi Poolay Soondram: Disqualification

December 30, 2020 - Public Notice by the Mauritius Financial Services Commission that it has disqualified Hemavadi Poolay Soondram, who was described as a "director of Beaufort Management Services Ltd.", for regulatory breaches.

Beaufort Management Services Ltd.: License Revocation

December 30, 2020 - Public Notice by the Mauritius Financial Services Commission that it has revoked the Management License of Beaufort Management Services Ltd. for regulatory breaches.

Phoenix Law Chambers: License Revocation

December 22, 2020 - Public Notice by the Bermuda Monetary Authority that it has "revoked the corporate service business provider" license of Phoenix Law Chambers.

CCGM Pension Administrators Ltd.: €30K Fine

December 21, 2020 - Public Notice by the Malta Financial Services Authority that it has imposed a fine of €30,000 on CCGM Pension Administrators Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that CCGM Pension Administrators Limited was incorporated in Malta on August 31st, 2016, its directors are Nicholas Calamatta, Michael Galea, Julian Mamo, and Mark Mamo, all of Malta, and its shareholders are Calamatta Cuschieri Group Plc and Gasanmamo Insurance Limited, both of Malta.

PCL Management Services (Mauritius) Ltd.: $4,950 Fine

December 18, 2020 - Public Notice by the Mauritius Financial Services Commission that it has imposed a fine of $4,950 on PCL Management Services (Mauritius) Ltd. for regulatory breaches.

Tracey Ozanne: Disqualification

December 11, 2020 - Publice Notice by the Guernsey Financial Services Commission that it has disqualified Tracey Jane Ozanne.

Safehaven International Ltd. et al: Penalties

December 11, 2020 - Public statement by the Guernsey Financial Services Commission that it has imposed penalties on Safehaven International Limited, Richard John Bach, Tracey Jane Ozanne, David Charles Housley Whitworth, Michael John Good, and Stephen John Dickinson.

Richard Bach: Disqualification

December 11, 2020 - Public Notice by the Guernsey Financial Services Commission that it has disqualified Richard John Bach.

Stephen Bougourd: Penalties

December 08, 2020 - Public Statement by the Guernsey Financial Services Commission that it has imposed penalties on Stephen Bougourd.

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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UAE 'gold supplier' SION Trading sued for '$5M fraud'
UAE-domiciled purported gold supplier SION Trading FZE, which has been implicated in several fraudulent schemes, including a cryptocurrency scam involving Bermuda-based Arbitrade, is being sued in Utah along with individuals and companies in or from Barbados, Canada, England, Panama, St. Lucia, and the USA for allegedly perpetrating a $5 million 'advance fee' scam.
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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.