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ST. KITTS & NEVIS

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Integris Trust Company Ltd.: Warning

July 16, 2020 - Public Warning by the Nevis Financial Services Regulatory Commission that "Integris Trust Company Ltd. is no longer licensed to conduct registered agent business in or from within the island of Nevis".

CaribePay (Nevis) Ltd.: Public Warning

July 01, 2020 - Public Warning by the Nevis Financial Services Regulatory Commission that CaribePay (Nevis) Limited "is currently not licensed by the FSRC to carry on business". Editor's Note: On a website at caribepay.com, it is stated that CaribePay (Nevis) Limited, of Nevis, and CaribePay Solutions (SK) Limited, of St. Kitts, comprise 'CaribePay Solutions', which claims to be "a fast, simple, and secure cashless e-payments system being introduced to St. Kitts and Nevis". There is no information on the website about who owns and operates the company and ownership of the domain name 'caribepay.com' is concealed using a privacy service. Deon Herbert was identified as the "Owner of CaribePay" in a press release by the Nevis Island Administration on April 23rd, 2018.

USA v. Ramon Abbas: Criminal Complaint

June 25, 2020 - Criminal Complaint alleging conspiracy to engage in money laundering in USA v. Ramon Olorunwa Abbas, a.k.a. Ray Hushpuppi, described as "a Nigerian national living in the United Arab Emirates" and a holder of a passport issued by Saint Kitts and Nevis and "one of the leaders of a transnational network that facilitates computer intrusions, fraudulent schemes (including BEC [business email compromise] schemes), and money laundering, targeting victims around the world in schemes designed to steal hundreds of millions of dollars", at the U. S. District Court for the Central District of California.

La Dolce Vita Fine Dining Company Ltd. et al v. Zhang Lan et al : Notice of Motion to Confirm Order of Attachment

May 19, 2020 - Notice of Motion to Confirm Order of Attachment following an arbitration award of $142 million regarding allegations of fraud in La Dolce Vita Fine Dining Company Limited, and La Dolce Vita Fine Dining Group Holdings Limited, both of the Cayman Islands v. Zhang Lan, described in the motion as "a citizen and resident of China" and, in an exhibit, as "a citizen and resident of St. Kitts and Nevis"; Grand Lan Holdings Group (BVI) Limited, of the British Virgin Islands; Qiao Jiang Lan Development Limited, f.k.a. South Beauty Development Limited, of the British Virgin Islands, and Metro Joy International LLC, of New York, at the U. S. District Court for the Southern District of New York.

Bermuda target of $2B US tax fraud investigation accuses Australian lawyer of stealing $20M

April 07, 2020 - Australian barrister Evatt Tamine has been accused of stealing "more than $20 million" from a Bermuda charitable trust set up by American billionaire Eugene Brockman, while the Trust itself is apparently the target of a $2 billion "tax and money laundering" investigation in the U.S., according to two court judgments.

YS GM Marfin II LLC et al v. The Clearing House Payments Company LLC et al: Discovery Application

April 03, 2020 - Application by YS GM Marfin II LLC, YS GM MF VII LLC, YS GM MF VIII LLC, YS GM MF IX LLC, and YS GM MF X LLC to take discovery from The Clearing House Payments Company LLC, Bank of America, Bank of China, The Bank of New York Mellon, BNP Paribas USA, Citibank, Commerzbank AG, Deutsche Bank Trust Company Americas, HSBC Bank USA, JPMorgan Chase Bank, Societe Generale, Standard Chartered Bank, UBS AG, and Wells Fargo Bank for use in "pending and contemplated proceedings" in England, Malaysia and other countries regarding "a brazen $89.2 million multinational maritime fraud" allegedly by Muhammad Tahir Lakhani, and his two sons, Muhammad Ali Lakhani and Muhammad Hasan Lakhani, who are described as "British and Pakistani dual nationals ordinarily resident in England, Pakistan and//or the United Arab Emirates", and involving several jurisdictions, including Nevis, Marshall Islands, Palau, and Panama, filed at the U. S. District Court for the Southern District of Florida.

St. John's Trust Company (PVT) Ltd. v. James Watlington et al: Judgment

March 26, 2020 - Judgment in St. John's Trust Company (PVT) Limited, whose "sole shareholder is another private trust company, domiciled in Nevis, called Cabarita" v. James Watlington, Glenn Ferguson, Cabarita (PTC) Limited, in its personal capacity and as Trustee of The Waterford Charitable Trust, and The Attorney General at Bermuda Supreme Court. Editor's Note: In the judgment, it is stated that Evatt Tamine, an Australian barrister, was being sued for allegedly "stealing trust assets of the value of more than $20 million" and that he was a "co-operating witness" in a "tax and money laundering investigation" by the U. S. Department of Justice and IRS into "more than USD 2 billion of unreported gains" involving the Bermuda-domiciled A.  Eugene Brockman Charitable Trust.

Newbrook Shipping Corporation et al v. Global Marketing Systems Inc. et al: Discovery Application

March 24, 2020 - Application by Newbrook Shipping Corporation, of the Netherlands, and Falcon Confidence Shipping Ltd., of Liberia, to take discovery from Global Marketing Systems Inc. and Anil F. Sharma, both of Maryland, for use in legal proceedings in Nevis and South Africa, filed at the U. S. District Court for the Northern District of Maryland.

St. Kitts & Nevis AG v. Denzil Douglas: Judgment

March 12, 2020 - Judgment disqualifying a former Prime Minister of Saint Kitts and Nevis from serving as a Member of Parliament in the National Assembly because he received a diplomatic passport issued by Dominica in The Attorney General of Saint Kitts and Nevis v. Denzil Douglas at the Court of Appeal for Saint Kitts and Nevis.

Tanzania Tanzil v. Lindsay Grant et al: Ruling

March 04, 2020 - Ruling regarding misappropriation, breach of trust, and breach of fiduciary duty in Tanzania Tobing Tanzil, an applicant under a "Citizenship by Investment Programme" v. Lindsay F.P. Grant and Jonel F. H. Powell, partners in the law firm of Grant, Powell & Co., at the High Court of Justice for Saint Kitts and Nevis.

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.