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Sanne Fiduciary Services fined by Jersey regulator

July 17, 2019 - Sanne Fiduciary Services Limited has been fined £381,010 by the Jersey Financial Services Commission for regulatory breaches.

Sanne Fiduciary Services Ltd.: Fine

July 17, 2019 - Public Statement by the Jersey Financial Services Commission regarding a £381,010 fine imposed on Sanne Fiduciary Services Limited.

Scientific Games Corp. et al v. Sylebra HK Company Ltd. et al: Notice of Removal

July 11, 2019 - Notice of Removal, including a copy of a complaint alleging "inquiries or investigations into Sylebra" by gaming regulators in Canada, Alderney in the Channel Islands, Malta, the United Kingdom, and the United States, in Scientific Games Corporation and Bally Gaming Inc., both of Nevada v. Sylebra HK Company Ltd., of Hong Kong; Sylebra Capital Management Limited, Sylebra Capital Partners Master Fund Limited, Sylebra Capital Partners (Offshore) Limited, and Sylebra Capital Partners (Onshore) Limited, all of the Cayman Islands, at the U. S. District Court for the District of Nevada.

UK businessman with sprawling offshore group wanted for fraud in Bermuda

July 08, 2019 - An Interpol Red Notice has been issued against U.K. national Ramesh Dusoruth, who evidently fled Bermuda after being criminally charged with swindling "several million dollars" from investors in his offshore finance group, which includes firms in Bermuda, Cayman Islands, Channel Islands, Cyprus, England, Malta, Netherlands, and possibly the BVI.

Jersey Attorney General v. Richard Arthur: Judgment

June 27, 2019 - Judgment regarding the seizure of proceeds of crime in The Attorney General of Jersey, in the Channel Islands v. Richard David Arthur, who was convicted of fraud, at the Royal Court of Jersey, in the Channel Islands.

Bruce McNaught: Prohibition Order

June 27, 2019 - Prohibition Order by the Guernsey Financial Services Commission regarding Bruce David McNaught.

Grant Thornton and law firms agree to settle Providence Financial lawsuit

June 20, 2019 - Accounting firm Grant Thornton and law firms Cadwalader, Wickersham & Taft, and Greene Espel have agreed to pay a combined $849,243 to settle claims that they aided and abetted a $150 million investment fraud perpetrated by the Providence Financial Group, which was based in Guernsey, Miami, and Brazil.

USA v. Todd Kozel: Criminal Indictment

June 19, 2019 - Criminal Indictment for fraud and money laundering involving the Gokana Trust set up in Jersey, in the Channel Islands, by Swiss lawyer Markus Hugelshofer in USA v. Todd Kozel at the U. S. District Court for the Southern District of New York.

Vida Financial Services Ltd. et al: Variation of Prohibition Orders

June 18, 2019 - Public Statement by the Guernsey Financial Services Commission regarding a variation of Prohibition Orders against Vida Financial Services Limited and Jonathan James Wilson.

Louvre Trust (Guernsey) Ltd. et al: Financial Penalties

June 18, 2019 - Public Statement by the Guernsey Financial Services Commission regarding financial penalties against Louvre Trust (Guernsey) Ltd., Derek Paul Baudains, Jonathan Ross Bachelet, Haidee Louise Stephens, Julian Dai Lane, and Charles Peter Gervais Tracy.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory databases, 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.