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Compañia Inmobiliaria y de Inversiones Saga SpA: Chapter 11 Petition

June 29, 2021 - Chapter 11 Petition by Compañia Inmobiliaria y de Inversiones Saga SpA, of Chile, at the U. S. Bankruptcy Court for the District of Delaware.

CG Financial Colombia SAS: Chapter 11 Petition

June 29, 2021 - Chapter 11 Petition by CG Financial Colombia S.A.S., of Colombia, at the U. S. Bankruptcy Court for the District of Colombia.

CG Financial Chile SpA: Chapter 11 Petition

June 29, 2021 - Chapter 11 Petition by CG Financial Chile SpA, of Chile, at the U. S. Bankruptcy Court for the District of Delaware.

Corp Group Banking SA et al: Chapter 11 Bankruptcy Petition

June 25, 2021 - Chapter 11 Petition by Inversiones CG Financial Chile Dos S.P.A. and Corp Group Banking S.A., both of Chile, filed at the U. S. Bankruptcy Court for the District of Delaware.

MAN Corp SA et al v. Innovate Mining Solutions LLC et al: Complaint

June 16, 2021 - Complaint alleging fraud in MAN Corp S.A., of Switzerland, and MAN International DWC-LLC, of Dubai, in the United Arab Emirates v. Innovate Mining Solutions LLC, of Florida; Innovate Solutions Ltda RUT, of Chile, and Fernando E. Duque Cardoze, described as a citizen of Panama, at the Circuit Court of the 17th Judicial Circuit, in and for Broward County, Florida.

SEC v. Ramiro Sugranes et al: Complaint

June 11, 2021 - Complaint alleging fraud in U. S. Securities and Exchange Commission v. Ramiro Jose Sugranes, described as a citizen of Nicaragua residing in Miami, Florida; UCB Financial Advisers Inc., of Florida, and UCB Financial Services Limited, of Chile, as Defendants, and Ramiro Sugranes Hernandez and Thelma Lanzas de Sugranes, residents of Nicaragua, as Relief Defendants, at the U. S. District Court for the Southern District of Florida.

Julius Baer bank admits laundering soccer bribery proceeds, enters into second DPA in 5 years

May 27, 2021 - Swiss bank Julius Baer has agreed to pay $79.6 million to settle a criminal complaint in New York in which it has admitted conspiring to launder the proceeds of a bribery scheme involving officials with FIFA and other soccer federations and entered into its second Deferred Prosecution Agreement in the last five years.

USA v. Bank Julius Baer: Deferred Prosecution Agreement

May 27, 2021 - Deferred Prosecution Agreement regarding an alleged scheme to launder the proceeds of bribery involving soccer organizations FIFA, CONMEBOL, and others in USA v. Bank Julius Baer & Co. Ltd., of Switzerland, at the U. S. District Court for the Eastern District of New York.

USA v. Bank Julius Baer: Criminal Information

May 27, 2021 - Criminal Information alleging Bank Julius Baer conspired to launder bribes to soccer officials for the rights to the World Cup, Copa Libertadores, and Copa América soccer tournaments in a scheme allegedly involving individuals in or from Argentina, Bolivia, Brazil, Chile, Paraguay, and Uruguay in USA v. Bank Julius Baer & Co. Ltd., of Switzerland, at the U. S. District Court for the Eastern District of New York.

Automotores Gildemeister SpA et al: Chapter 11 Petition

April 12, 2021 - Chapter 11 Petition by Automotores Gildemeister SpA, Marc Leasing S.A., Comercial Gildemeister S.A., Maquinarias Gildemeister S.A., Fortaleza S.A., RTC S.A., Maquinaria Nacional S.A., Carmeister S.A., AG Créditos SpA, Fonedar S.A., all of Chile; Lodinem S.A., Camur S.A., both of Uruguay, and Bramont Montadora Industrial e Comercial de Veículos S.A., of Brazil, collectively described as "a vehicle importer and distributor primarily operating in Chile and Peru, as well as in Uruguay, Costa Rica and Brazil", at the U. S. Bankruptcy 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.