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Banque Internationale à Luxembourg SA: €4.6M Fine

August 10, 2020 - Administrative Sanction against Banque Internationale à Luxembourg S.A. by the Luxembourg CSSF.

USA v. CompuCom Campus: Forfeiture Complaint

August 06, 2020 - Forfeiture Complaint regarding "assets that facilitated, were involved in, and are traceable to an international conspiracy to launder money embezzled and fraudulently obtained from PrivatBank", described as "a Ukrainian financial institution located in Ukraine, with a branch in Cyprus and an affiliated entity in Latvia, among other places" in USA v. "a roughly 19.5-acre office park comprising three buildings, parking areas, and undeveloped land known as the CompuCom Campus and located at 7505 and 7171 Forest Lane, Dallas, Texas 75230" at the U. S. District Court for the Southern District of Florida.

USA v. PNC Plaza: Forfeiture Complaint

August 06, 2020 - Forfeiture Complaint regarding "assets that facilitated, were involved in, and are traceable to an international conspiracy to launder money embezzled and fraudulently obtained from PrivatBank", described as "a Ukrainian financial institution located in Ukraine, with a branch in Cyprus and an affiliated entity in Latvia, among other places" in USA v. PNC Plaza at the U. S. District Court for the Southern District of Florida.

RSA Luxembourg SA v. M/Y Safira et al: Complaint

July 23, 2020 - Complaint alleging negligence in RSA Luxembourg SA, of Luxembourg, as subrogee of Rodaven LLC, of Florida, owner of M/Y Andante v. M/Y Safira, described as a 129-foot motor yacht "flagged" in the Cayman Islands; Miami Maritime Holdings LLC, and Edwin Collins II at the U. S. District Court for the Southern District of Florida.

USA v. Vasco Investments SA et al: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia"  in USA v. Funds allegedly associated with Khadem Abdulla Al Qubais, a citizen of the United Arab Emirates, held in the names of Vasco Investments Services SA, of the British Virgin Islands, and Eagle Strategic Investment Fund at Bank Privée Edmond de Rothschild, in Luxembourg, at the U. S. District Court for the Central District of California.

Cube Infrastructure Fund SICAV et al v. The Kingdom of Spain: Complaint

June 23, 2020 - Complaint to recognize and enforce an arbitral award of €33.7 million in losses, plus costs of €1.5 million and $262,500, in Cube Infrastructure Fund SICAV, of Luxembourg; Cube Infrastructure Managers SA, of Luxembourg; Cube Energy SCA, now Cube Energy Sarl, of Luxembourg; Demeter Partners SA, of France, and Demeter 2 FPCI, of France v. The Kingdom of Spain at the U. S. District Court for the District of Columbia.

Öhman Bank SA: €41,050 Fine

June 18, 2020 - Announcement by the Luxembourg CSSF that it has imposed a €41,050 fine on Öhman Bank S.A. for violations of the Market Abuse Regulation.

Swissport Fuelling Ltd.: Chapter 15 Petition

June 12, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Chris Mallon, as the Foreign Representative of Swissport Fuelling Ltd., described as "the world’s leading independent provider of ground and cargo handling services to the aviation industry based on revenue and number of airports served", at the U. S. Bankruptcy Court for the District of Delaware.

Vistra (Luxembourg) SA: Fine

June 03, 2020 - Public Announcement by the Luxembourg CSSF that it has imposed a fine of €190,000 on Vistra (Luxembourg) SA "for serious breaches of its professional duties in the fight against money laundering and terrorist financing".

David Mapley Response to Luxembourg CSSF Ban

May 26, 2020 - News Release by David Mapley in response to administrative measure against him by the Luxembourg CSSF.

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.