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Malta Police v. Yorgen Fenech: New Freezing Order

December 02, 2019 - New Freezing Order in Malta Police v. Yorgen Fenech, a Maltese businessman who is being investigated for suspected involvement in the murder of Maltese journalist Daphne Caruana Galizia, at Malta Magistrates Court.

Malta regulator declares E&S Consultancy 'unfit', cancels corporate services provider registration

November 25, 2019 - The Malta Financial Services Authority has cancelled the registration of corporate services provider E&S Consultancy Limited for various regulatory breaches, including not being "fit and proper".

John Mifsud: Reprimand

November 22, 2019 - Public Notice by the Malta Financial Financial Services Authority regarding a reprimand against John Mifsud.

Adrian Pace: Fine

November 22, 2019 - Public Notice by the Malta Financial Financial Services Authority regarding an administrative penalty against Adrian Pace.

US affiliate of Malta bank accused of massive fraud by SEC

November 21, 2019 - New York-based, Cayman Islands-administered investment adviser International Investment Group LLC, which is affiliated with Malta's IIG Bank, with both owned by a bankrupt fund in Curaçao, committed "a string of frauds to cover up tens of millions of dollars in losses", the SEC has alleged.

E&S Consultancy Ltd.: Cancellation of Registration

November 18, 2019 - Public Notice by the Malta Financial Services Authority that it has cancelled the registration of E&S Consultancy Limited, a corporate services provider whose directors are Christian Ellul, Karl Schranz, and Mariella Baldacchino.

Bank of Valletta Plc: Administrative Penalty

November 14, 2019 - Publication Notice by Malta Financial Intelligence Analysis Unit regarding an Administrative Penalty against Bank of Valletta Plc.

SEC v. Benjamin Alderson et al: Pryor Cashman Opposition to Alternative Service

November 12, 2019 - Non-Party Pryor Cashman LLP's Motion Opposing Defendant Alderson's Motion to Authorize Alternative Service of Subpoenas regarding Nigel Green, described as a resident of Dubai; Beverley Yeomans, described as a resident of Malta, and deVere Group Ltd., described as domiciled in Dubai, in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Discovery Disputes

November 12, 2019 - Joint Letter regarding discovery disputes in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

SEC v. Benjamin Alderson et al: Motion to Serve Nigel Green et al

October 28, 2019 - Motion by Defendant Benjamin Alderson for an Order Authorizing Alternative Service of Subpoenas on non-parties Nigel Green, deVere Group Ltd., and Beverley Yeomans in U. S. Securities and Exchange Commission v. Benjamin Alderson and Bradley Hamilton at the U. S. District Court for the Southern District of New York.

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.