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

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SWM Ltd.: Public Statement

June 29, 2020 - Public Statement regarding SWM Limited by the Jersey Financial Services Commission. Editor's Note: Research by OffshoreAlert in the Jersey Financial Services Commission's Companies Registry showed that, in its most recent annual return, dated January 1st, 2020, the sole shareholder of SWM Limited was identified as SJD Holdings Limited, also domiciled in Jersey, and, in its most recent annual return, dated January 1st, 2019, the shareholders of SJD Holdings Limited were identified as Stephen Francis Le Fondre, Simon John Dowling, Kevin Peter Goodbody, Tracey Anne Freeman, and Guy John Browning, all of Jersey.

Aldabra Consulting Services Ltd.: License Revocation

May 25, 2020 - Announcement by the Seychelles Financial Services Authority that it has revoked the license of Aldabra Consulting Services Limited. Editor's Note: Research by OffshoreAlert showed that, according to an article by German news service Suddeutsche Zeitung on June 20th, 2018, Aldabra Consulting Services Limited was previously known as Mossack Fonseca but changed its name after the Mossack Fonseca group became involved in a global scandal as a result of the 'Panama Leaks' investigation that was co-ordinated by the International Consortium of Investigative Journalists.

SOLV International Ltd.: Ban On Accepting New Clients

May 11, 2020 - Announcement by the Malta Financial Services Authority of action against SOLV International Ltd. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole director of SOLV International Ltd. is identified as Karl Schranz, a citizen of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

RES Malta Ltd.: Ban On Accepting New Clients

May 11, 2020 - Announcement by the Malta Financial Services Authority of action against RES Malta Limited. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of RES Malta Limited are identified as Karl Schranz and Mariella Baldacchino, both citizens of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

Malta regulator bans service providers Karl Schranz & Christian Ellul

May 10, 2020 - Accountant Karl Schranz and lawyer Christian Ellul have been banned by the Malta Financial Services Authority for their "lack of honesty and integrity".

Karl Schranz: Disqualification

May 08, 2020 - Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Karl Schranz for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Christian Ellul: Disqualification

May 08, 2020 - Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Christian Ellul for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Guernsey regulator bans wealth managers Mark Penney and Marc Roxby

May 04, 2020 - The Guernsey Financial Services Commission has fined and disqualified Mark Penney and Marc Roxby over self-dealing and misleading clients while operating failed financial services firm Criteria Wealth Management Ltd.

Guardian Global Capital (Suisse) SA v. Jersey FSC: Judgment

April 29, 2020 - Judgment in Guardian Global Capital (Suisse) SA, of Switzerland v. Jersey Financial Services Commission at the Royal Court of Jersey, in the Channel Islands.

SKAT v. John van Merkensteijn et al: Cayman Islands Judicial Assistance

April 27, 2020 - Motion for Issuance of a Request for International Judicial Assistance to Obtain Evidence in the Cayman Islands from Bell Rock Corporate Services, Campbell Corporate Services Limited, CO Services Cayman Limited, DMS Corporate Services Ltd., Forbes Hare Trust Company Limited, Genesis Trust & Corporate Services Ltd., Harneys Services (Cayman) Limited, Intertrust Corporate Services (C.I.) Limited, Ocorian (Cayman) Limited, Sterling Trust (Cayman) Limited, Trident Trust Company (Cayman) Limited, Vistra (Cayman) Limited, and Walkers Corporate Limited regarding an allegedly fraudulent 12.7 billion Danish Kroner tax refund fraud scheme whose "principal organizer" was identified as Dubai-based British national Sanjay Shah in Skatteforvaltningen, a.k.a. SKAT, Denmark's tax collection agency v. John van Merkensteijn, Richard Markowitz, Bernina Pension Plan Trust, RJM Capital Pension Plan Trust, 2321 Capital Pension Plan, Bowline Management Pension Plan, California Catalog Company Pension Plan, Clove Pension Plan, Davin Investments Pension Plan, Delvian LLC Pension Plan, DFL Investments Pension Plan, Laegeler Asset Management Pension Plan, Lion Advisory Inc. Pension Plan, Mill River Capital Management Pension Plan, Next Level Pension Plan, Rajan Investments LLC Pension Plan, Spirit on the Water Pension Plan, and Traden Investments Pension Plan at the U. S. District Court for the Southern District of New York.

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.