Cayman Islands Monetary Authority (CIMA)

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    Jianxin Yu: Warning Notice (Cayman Islands)

    Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Jianxin Yu, of Beijing, China, for regulatory breaches.

    Ling Zhang: Warning Notice (Cayman Islands)

    Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Ling Zhang, of Beijing, China, for regulatory breaches.

    Kevin Poole: CI$14.7K Fine

    Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$14,700 has been imposed on Kevin David Poole for "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to theAuthority on behalf of a managed insurance company".

    Global Core Insurance SPC: CI$78K Fine (Cayman Islands)

    Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$78,150 has been imposed on Global Core Insurance SPC for regulatory breaches, including those regarding solvency.

    Artex Risk Solutions (Cayman) Ltd.: CI$95K Fine

    Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$95,409 has been imposed a fine of Artex Risk Solutions (Cayman) Limited for regulatory breaches, including "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to the Authority on behalf of a managed insurance company at the relevant time".

    Providers Re SPC: CI$16.9K Fine

    Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$16,950 on Providers Re SPC for "Failure of a Class B Insurer that is established as a segregated portfolio company under Part XIV of the Companies Act (as revised) to maintain the prescribed margin of solvency in respect of each segregated portfolio".

    Lion Brokers Ltd.: CI$262K Fine

    Public Notice by the Cayman Islands Monetary Authority that it has imposed an administrative fine of CI$261,990 on Lion Brokers Limited for regulatory breaches.

    Kelly Tonkin: Disqualification

    Public Notice by the Cayman Islands Monetary Authority that it has disqualified Kelly Simon Tonkin, a citizen of New Zealand.

    Alpha Re Ltd.: License Revocation

    Public Notice by the Cayman Islands Monetary Authority that it has revoked the insurer's license of Alpha Re Limited for regulatory breaches.

    Seven Mile Securities: CI$250K Fine

    Public Notice from the Cayman Islands Monetary Authority that it has imposed "discretionary administrative fines" totaling CI$250,000 on Seven Mile Securities for regulatory breaches.

    Global Fidelity Bank Ltd.: License Revocation

    Public Notice by the Cayman Islands Monetary Authority that it has revoked the license of Global Fidelity Bank Ltd. and "also found Morry Rubin, George Rubin and William Walter McKibbin III not fit and proper to hold the positions of director and/or shareholder".

    Binance et al: CIMA Investigation

    Public Statement by the Cayman Islands Monetary Authority that "Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Islands" and that it is "currently investigating" whether "this group of companies has any activities operating in or from within the Cayman Islands which may fall within the scope of the Authority's regulatory oversight.

    Intertrust Corporate Services (Cayman) Ltd.: CI$4.2M Fine

    Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$4.2 million on Intertrust Corporate Services (Cayman) Limited for breaches of the Anti-Money Laundering Regulations (2020 Revision). Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Intertrust Corporate Services (Cayman) Limited were identified as Colin Mackay, Daniel Rewalt, and Elizabeth Harrington.

    Port Royal Reassurance Company SPC Ltd.: License Revocation

    Decision Notice by the Cayman Islands Monetary Authority revoking the license of Port Royal Reassurance Company SPC Limited. on the grounds of insolvency. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the sole director of Port Royal Reassurance Company SPC Limited was identified as Steven Fickes, who, according to CIMA's Decision Notice, resides in Bethesda, Maryland, USA. Port Royal Reassurance Company SPC is a defendant in a civil complaint filed at federal court in North Carolina in 2016 involving an allegedly fraudulent scheme, for which one of its business partners, Bradley Reifler, of New York, was criminally indicted.

    CIMA ‘Decision Notice’: ‘Non-Compliant’ Directors

    Decision Notice by the Cayman Islands Monetary Authority cancelling the registrations of 1,283 "registered directors" for being "non-compliant with the Directors Registration and Licensing Act, 2014 (as amended)".

    Star Insurance Company (Cayman) Ltd.: CI$72K Fine

    Public Notice by the Cayman Islands Monetary Authority that it was imposed a fine of CI$72,800 on Star Insurance Company (Cayman) Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Star Insurance Company (Cayman) Ltd. are identified as Barry Benjamin, Bohdan Petro Martiuk. and Lawrence Chastang.

    CTS Captive Management (Cayman) Ltd.: License Revocation

    Decision Notice by the Cayman Islands Monetary Authority to revoke the Insurance Manager's License of CTS Captive Management (Cayman), Ltd. for regulatory breaches, including insolvency. Editor's Note: The directors of CTS Captive Management (Cayman), Ltd. are identified in the Decision Notice as John Rearer and Sarah Perry. Research by OffshoreAlert found that they are also senior officers of ALIC Underwriters, which is described on its website at alicunderwriters.com as "a Managing General Underwriter and Wholesale Insurance Broker, located in Fort Lauderdale, Florida".

    Western International Trust Company Ltd.: CI$482K Fine

    Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$482,717 on Western International Trust Company Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Western International Trust Company Limited are Barry Bret Benjamin and Bohdan Petro Martiuk.

    Three Lakes Insurance Company Ltd. et al: Cayman Strike-Offs

    Public Notice by the Cayman Islands Monetary Authority that insurers Three Lakes Insurance Company Ltd., Scottish Annuity & Life Insurance Company (Cayman) Ltd., Northwestern Memorial Insurance Company, and Centegra Insurance Services Ltd. "failed to satisfy the Authority's termination requirements in order to surrender their licences for cancellation" and, therefore, have been "struck off the Companies Register".

    Cainvest Bank and Trust Ltd.: CI$100K Fine

    Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$100,000 on Cainvest Bank and Trust Limited for regulatory breaches.

    Platinum Partners Funds et al: License Cancellations

    Decision Notice by the Cayman Islands Monetary Authority Platinum Funds cancelling the mutual fund registrations of Platinum Partners Credit Opportunities Fund International (A), Ltd., Platinum Partners Credit Opportunities Fund International, Ltd., Platinum Partners Liquid Opportunity Fund (International) Ltd., and Platinum Partners Liquid Opportunity Master Fund L.P. for regulatory breaches, including suspected insolvency and Mark Alan Nordlicht not being "a fit and proper person".

    Premier Assurance Group SPC Ltd.: Public Notice

    Public Notice by the Cayman Islands Monetary Authority announcing it has appointed Jeffrey Stower and Jason Robinson, of KPMG, to assume control of Premier Assurance Group SPC Ltd. and "found Jorge Eduardo Falcon and Leonardo Cornide, two of Premier's directors, not fit and proper to hold the position of director of a licensee".