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Four more British attorneys struck off over Axiom Legal Financing Fund scam

September 19, 2018 - Four more solicitors have been struck off in the United Kingdom due to involvement with the Cayman Islands-based Axiom Legal Financing Fund, which defrauded investors of more than £100 million before collapsing in 2012 after being exposed by OffshoreAlert.

Allen Stanford Receiver v. Proskauer Rose, LLP et al: Notice of Settlement & Bar Order Proceedings

September 12, 2018 - Ralph S. Janvey, in his capacity as court-appointed Receiver for the Stanford Receivership Estate, and the Official Stanford Investors Committee v. Proskauer Rose, LLP, Chadbourne & Parke, LLP and Thomas V. Sjoblom at the U. S. District Court for the Northern District of Texas.

Bahamas broker Seton Securities International fined in Canada for unlicensed operations

September 10, 2018 - Bahamas-based broker/dealer Seton Securities International Ltd., which is operated by Canadian Jay Gotlieb, has agreed to pay C$35,000 to the Alberta Securities Commission for operating without a license.

Solicitors Regulation Authority v. Richard Emmett et al: Judgment

September 07, 2018 - Judgment in Solicitors Regulation Authority v. Richard Emmett, Lindsay Emmett, Matthew Stokes, Mary Hunter, David Rae, and Dale Stephenson at the Solicitors Disciplinary Tribunal.

Seton Securities International Ltd.: Settlement Agreement & Undertaking

September 07, 2018 - Settlement Agreement and Undertaking in Alberta Securities Commission v. Seton Securities International Ltd.

Fenja Fund Multi Strategy Ltd.: License Cancellation

August 31, 2018 - Notice of Cancellation of License of Fenja Fund Multi Strategy Limited by the Financial Services Authority of St. Vincent & the Grenadines.

Swiss America Securities Ltd.: Settlement Agreement

August 30, 2018 - Settlement Agreement in Securities Commission of the Bahamas v. Swiss America Securities Ltd.

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.

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.

Privilege Wealth Management Ltd.: Chapter 15 Petition

August 24, 2018 - Chapter 15 Petition for Recognition of a Foreign Proceeding by Privilege Wealth Management Limited at the U. S. Bankruptcy Court for the Southern District of Florida.

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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.