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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.

JERSEY

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Lumiere Wealth Ltd.: Investigation Findings

September 09, 2020 - Public Statement by the Jersey Financial Services Commission regarding the conclusions of its investigation into Lumiere Wealth Limited (in liquidation).

Richard Hayward et al v. Patricia Bloom: Discovery Application

August 21, 2020 - Application by Richard A. Hayward and Susan J. Heath, sons of deceased Bahamas-based, British businessman Jack Hayward, individually and on behalf of certain other beneficiaries of the Lydhurst Settlement, the Lydhurst 1993 Settlement, and the Dunmaglass Settlement, to take discovery from Patricia Ruth Bloom, described as "Sir Jack's long-time partner" and executrix of his estate, regarding, inter alia, their father's "financial troubles" and "irrational" behavior involving his investment in English soccer team Wolverhampton Wanderers prior to his death for use in contemplated legal proceedings "in England or the Bahamas", filed at the U. S. District Court for the Southern District of Florida.

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.

Malta FSA cancels licenses of three investment firms, fines two others

June 14, 2020 - In a series of regulatory actions announced on Friday, the Malta Financial Services Authority cancelled the licenses of three investment firms and imposed fines on a retirement scheme and its administrator.

Luke Bryan et al v. Draganfly Investments Ltd.: Judgment

June 03, 2020 - Judgment regarding winding-up in Luke Bryan and Dennis Vernon Edmonds v. Draganfly Investments Limited at the Royal Court of Jersey, in the Channel Islands.

Equity Trust (Jersey) Ltd.: £115,575 Fine

June 01, 2020 - Public Statement by the Jersey FinancialServices Commission regarding a fine of £115,575 imposed on Equity Trust (Jersey) Limited

MID Properties Investment Ltd. v. BVI Registrar of Corporate Affairs: Restoration Application

May 19, 2020 - Fixed Date Claim Form regarding KSK Invest Limited, a British Virgin Islands company that was previously domiciled in Jersey, in the Channel Islands, in MID Properties Investment Limited, of Cyprus v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Nigeria, Jersey, & USA: $311M Repatriation Agreement

May 04, 2020 - News Release, and a copy of a "trilateral agreement among the governments of the United States, Nigeria and the Bailiwick of Jersey", by the U. S. Department of Justice announcing the repatriation to Nigeria of $311 million that were allegedly the proceeds of corruption involving General Sani Abacha, Ibrahim Sani Abacha, Abubakar Atiku Bagudu, lsmaila Gwarzo, Alhaji Ahmadu Daura, Chief Anthony Ani, David Umaru, Doraville Properties Corporation, Eagle Alliance International Limited, Harbour Engineering and Construction Limited, Mecosta Securities Inc., Morgan Procurement Corporation, Rayville International SA, The Ridley Trust, Ridley Group Limited, and Standard Alliance Financial Services Limited.

USA v. Bank Hapoalim BM et al: Plea Agreement

April 30, 2020 - Plea Agreement in USA v. Bank Hapoalim BM, of Israel, and Hapoalim (Switzerland) Ltd., of Switzerland, at the U. S. District Court for the Southern District of New York.

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.

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.