Cayman Islands Monetary Authority (CIMA)

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.

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".

Hinduja Bank & Trust (Cayman) Ltd.: License Revocation

Decision Notice by the Cayman Islands Monetary Authority revoking the banking license of Hinduja Bank & Trust (Cayman) Ltd., whose "sole director" was identified as Gilbert Pfaeffli, who appears to be based in Switzerland.

Balkan Investment Opportunity Fund: License Cancellation

Decision Notice by the Cayman Islands Monetary Authority cancelling the mutual fund registration of Balkan Investment Opportunity Fund. Editor's Note: Research by OffshoreAlert showed that Balkan Investment Opportunity Fund is based in Croatia and has a website at www.biof.biz, where its service providers are identified as Balkan Investment Management Limited, investment manager; Vrijednosnice Osijek d.o.o., administrator; Crowe Horwath Cayman Ltd., auditor; and Forbes Hare Trust Company Ltd., registered agent. The individuals identified on the website's 'Our Team' page are Alexander Hrkač, "Director - Fund Manager", and Adisa Balić, "Director - Risk Manager".

KTH Capital Ltd.: Fund Cancellation

Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the mutual fund registration of KTH Capital Limited, whose directors are identified as Du Wang and Vivian Ding Li.

Roland Kaehler: Director Cancellation

Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the director registration of Roland Frederick Kaehler, of Beverstone Fund Management, with an address in the Czech Republic, for not being "a fit and proper person"

John Geraci: Director Cancellation

Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the director registration of John David Geraci, of Pinecrest, Florida, for not being "a fit and proper person".

Mark Graham: Director Cancellation

Decision Notice by the Cayman Islands Monetary Authority announcing the cancellation of the director registration of Mark R. Graham, of New York, NY, for not being "a fit and proper person". Graham was the majority equity owner of Cayman Islands-domiciled Alpha Re Limited, which has been accused of fraud.

OneTRADEx Ltd.: Public Notice of Controllership

Public Notice by the Cayman Islands Monetary Authority regarding controllers being appointed for OneTRADEx Ltd., an online discount broker whose owners and operators appear to be Canadian.

Oliver-Barret Lindsay: License Cancellation

Decision Notice by the Cayman Islands Monetary Authority regarding the cancellation of the director registration of Oliver-Barret Lindsay, a citizen of Canada.

Roland Kaehler: License Suspension

Decision Notice by the Cayman Islands Monetary Authority regarding the license suspension of Roland Fredrick Kaehler, a citizen of Canada.