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


eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Kijani Gibraltar liquidators to sue NatWest Bank for 'dishonest assistance' to $82M fraud

July 01, 2019 - The liquidators of Gibraltar-domiciled Kijani Resources Ltd. and Ratio Ltd. intend to sue NatWest Bank for "dishonest assistance" to an $82 million fraudulent scheme headed by Irishman Richard Fagan that collapsed in 2015 after being exposed by OffshoreAlert.

Mauritius FSC warns against 'unlicensed' Dubai/Swiss Group offering 'double-digit annual returns'

June 27, 2019 - Dubai-based, Swiss investment manager BearBull Global Investments Group, whose "Leadership" includes a member of the Abu Dhabi Royal Family, has been soliciting investors in Mauritius with offers of double-digit annual returns - without a license, warns the Mauritius Financial Services Commission.

Arempa International Ltd. FZC v. Tucows Inc.: Discovery Application

June 26, 2019 - Application by Arempa International Ltd. FZC, of Dubai, to take discovery from Tucows Inc. for use in proceedings in the United Arab Emirates, Hong Kong, and the United Kingdom against Barclays Bank and others regarding an alleged phishing fraud, filed at the U. S. District Court for the Middle District of Pennsylvania.

To 'protect investors', Gibraltar Stock Exchange delists bonds by UK's European Investment Grade Properties Plc

June 25, 2019 - Two years after suspending unsecured bonds issued by British firm European Investment Grade Properties Plc "to protect investors", the Gibraltar Stock Exchange has delisted them. Research by OffshoreAlert showed that the firm's chairman, Bodo Laux, is now involved with a cryptocurrency exchange in Dubai.

Fulcrum Diversified Income Note Fund: Court Supervision Petition

June 24, 2019 - Petition for Court Supervision of a Voluntary Liquidation in Christopher Kennedy, of the Cayman Islands, and Neil Hayward, of Dubai, v. Fulcrum Diversified Income Note Fund (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

BearBull Global Investments Group Ltd. et al: Investor Alert

June 24, 2019 - Investor Alert by the Mauritius Financial Services Commission regarding GEODE Group and BearBull Global Investments Group Limited.

Mundo Media Ltd. et al: Chapter 15 Petition

June 18, 2019 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Ernst & Young, as the Foreign Representative of Mundo Media Ltd., 2538853 Ontario Ltd., M Zone Marketing Inc., and AppThis Holdings, Inc., at the U. S. Bankruptcy Court for the District of Delaware.

Mark Skelton v. ABRAAJ Investment Management Ltd.: Originating Summons

June 17, 2019 - Originating Summons in Mark Skelton, of Duff & Phelps Limited, in London, England, v. ABRAAJ Investment Management Limited (in Provisional Liquidation), based in Dubai, domiciled in the Cayman Islands, at the Grand Court of the Cayman Islands.

Volaw Trust and Corporate Services Ltd. et al v. Jersey Attorney General et al: Judgment

June 17, 2019 - Judgment regarding a criminal investigation in Norway into tax evasion by Berge Gerdt Larsen involving entities in Abu Dhabi, Bahamas, British Virgin Islands, Dubai, England, Jersey, Liberia, Panama, Singapore, and Saint Kitts and Nevis in Volaw Trust and Corporate Services Ltd., of Jersey, in the Channel Islands; North East Oil Ltd., of the British Virgin Islands; Larsen Oil and Gas Drilling Ltd., of Jersey; Network Drilling Ltd., of the British Virgin Islands; Independent Oilfield Rentals IOR Ltd., of Jersey; Petrolia Drilling Ltd., of the British Virgin Islands; OPS Personnel Services Ltd., of the British Virgin Islands, et al v. The Office of the Comptroller of Taxes, The Attorney General for Jersey, in the Channel Islands, et al at the Privy Council, in the United Kingdom.

Milson's Fintech: License Revocation

June 12, 2019 - Public Notice by the Mauritius Financial Services Commission regarding the license revocation of Milson's Fintech.

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.

View Recent Digests

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.