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

KUWAIT

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

USA v. $2.4M Associated With 'North Korea Money Laundering Scheme': Forfeiture Complaint

July 23, 2020 - Forfeiture Complaint regarding "an investigation by the Federal Bureau of Investigation of a scheme by North Korean banks sanctioned by the U.S. Department of the Treasury to launder U.S. dollars through the United States on behalf of sanctioned entities in the Democratic People's Republic of Korea" in USA v. $2.4 million of funds associated with three companies, filed at the U. S. District Court for the District of Columbia.

Quadre Investments LP v. Sky Solar Holdings Ltd. et al: Class Action Complaint

July 17, 2020 - Class Action Complaint in Quadre Investments LP v. Sky Solar Holdings Ltd., described as a Cayman Islands-domiciled, China-based company "in the renewable energy business" whose shares are listed on NASDAQ; Square Acquisition Co., of the Cayman Islands; Square Limited, of the Cayman Islands; Sino-Century HX Investments Limited, of the Cayman Islands; Jing Kang, described as a citizen of Canada; Bin Shi, described as a citizen of China; Kai Ding, described as a citizen of China; Japan NK Investment K.K., of Japan; IDG Accel China Capital LP, described as a Cayman Islands-domiciled limited partnership based in Hong Kong; IDG-Accel China Capital Investors LP, described as a Cayman Islands limited partnership based in Hong Kong; Jolmo Solar Capital Ltd., described as a British Virgin Islands company based in China; CES Holding Ltd., of Hong Kong; TCL Transportation Holdings Limited, of the British Virgin Islands; Esteem Venture Investment Limited, of the British Virgin Islands; Mamaya Investments Ltd., of the British Virgin Islands; Xanadu Investment Ltd., of Hong Kong; Development Holding Company Ltd., of the Cayman Islands; Abdulateef A. Al-Tammar, described as a citizen of Kuwait, and Bjoern Ludvig Ulfsson Nilsson, described as a citizen of Sweden, at the U. S. District Court for the Southern District of New York.

Sandra Holding Ltd. v. Universal Enterprises Ltd.: Winding Up Order

July 16, 2020 - Winding Up Order in Sandra Holding Ltd. v. Universal Enterprises Ltd. at the Grand Court of the Cayman Islands.

USA v. BAE125 Jet: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. One British Aerospace BAE125 Series 800A Aircraft at the U. S. District Court for the Central District of California.

USA v. Summit Property: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. Real Property Located in Beverly Hills, California referred to as the 'Summit Property' at the U. S. District Court for the Central District of California.

USA v. Marilyn Property: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. Real Property Located in Beverly Hills, California referred to as the 'Marilyn Property' at the U. S. District Court for the Central District of California.

USA v. Alta Property: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. Real Property Located in Beverly Hills, California referred to as the 'Alta Property' at the U. S. District Court for the Central District of California.

USA v. Wilshire Penthouse Property: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. Real Property Located in Los Angeles, California referred to as the 'Wilshire Penthouse Property' at the U. S. District Court for the Central District of California.

USA v. Wilshire 402 Property: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. Real Property Located in Los Angeles, California referred to as the 'Wilshire 402 Property' at the U. S. District Court for the Central District of California.

USA v. The Mountain of Beverly Hills: Forfeiture Complaint

July 16, 2020 - Forfeiture Complaint regarding alleged money laundering and fraud involving public officials in Kuwait in USA v. All Right and Title to Real Property Known as 'The Mountain of Beverly of Hills' at the U. S. District Court for the Central District of California.

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.

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.