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

Premier Assurance Group SPC Ltd.: Amended Chapter 15 Petition

November 03, 2020 - Amended Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Jeffrey Stower and Jason Robinson, of KPMG, as the Foreign Representatives of Premier Assurance Group SPC Ltd. (in Provisional Liquidation), at the U. S. Bankruptcy Court for the Southern District of Florida.

Proximity Aerospace Ltd. v. Stellar Aviation Company Inc.: Complaint

October 28, 2020 - Complaint in Proximity Aerospace Ltd., of Labuan, for itself and as assignee of certain rights and interests of JetSmart Aviation Ltd., of the Seychelles v. Stellar Aviation Company Inc., of Delaware, at the U. S. District Court for the Southern District of Florida.

CIMA v. Premier Assurance Group SPC Ltd.: Reasons for Judgment

September 29, 2020 - Reasons for Judgment regarding the appointment of Controllers in the Cayman Islands Monetary Authority v. Premier Assurance Group SPC Ltd. at the Grand Court of the Cayman Islands.

Hilong Oil Service Ltd. v. POLY-GCL Petroleum Investments Ltd.: Liquidation Application

June 30, 2020 - Originating Application in Hilong Oil Service Ltd., of Labuan v. POLY-GCL Petroleum Investments Limited, of the British Virgin Islands, at the British Virgin Islands High Court.

Antigua Ambassador Dario Item given bank license despite corporate ban

April 20, 2020 - Antigua and Barbuda's banking regulator appears to have fast-tracked a licensing application by one of the country's diplomats - London-based Swiss lawyer Dario Item - after his bank in Labuan ran into regulatory problems and he received a corporate ban, OffshoreAlert can reveal.

Dario Item et al: Regulatory Update

March 24, 2020 - Update by the Labuan Financial Services Authority regarding a lessening of previously-imposed penalties against Dario Item, a London-based, Swiss attorney who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., including the cessation of corporation disqualifications.

Labuan FSA Enforcement Actions: March 2, 2020

March 02, 2020 - Enforcement Actions taken by Labuan Financial Services Authority on Labuan Licensed Entities from December 2015 to February 2020. The latest license revocations concern AbaUnion Limited, Better Place Strategic Investment Ltd.,FinFX Global Markets Limited, Advisers Worldwide (Malaysia) Limited, Opal Automart Pte Ltd., and Asian Trade Investment Bank.

Labuan FSA Business Restrictions: November 19, 2019

November 19, 2019 - Notice by Labuan Financial Services Authority regarding Licensed Entities on which business restrictions have been imposed, November 19, 2019.

Labuan FSA Business Restrictions: September 4, 2019

September 04, 2019 - Business Restrictions by the Labuan Financial Services Authority, September 4th, 2019.

Swiss lawyer & Antigua Ambassador Dario Item fights Labuan regulatory ban, obtains Google removal

July 09, 2019 - London-based Swiss attorney Dario Item, who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein, has legally challenged director and officer disqualifications against him in Labuan and persuaded Google to remove an OffshoreAlert article from its European search engine results.

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.