Gibraltar

Centurion Administration Ltd.: £52K Settlement

Public Notice announcing that Centurion Administration Limited has agreed to pay £52,500 to settle a regulatory investigation by the Gibraltar Financial Services Commission.

IDT Financial Services Ltd.: £298K Settlement

Public Notice by the Gibraltar Financial Services Commission that IDT Financial Services Limited has agreed to pay £298,387 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at Gibraltar's Companies House showed that the directors of IDT Financial Services Limited, as disclosed in its 2021 annual return, were Timothy Streatfeild-James, a citizen of the United Kingdom residing in Gibraltar; James Robert Raanan, a citizen and resident of Israel; Marcelo Fischer, a citizen and resident of the United States; Damian Asquez, a citizen of the United Kingdom residing in Gibraltar, and Gareth Meredith Williams, a citizen of the United Kingdom residing in Gibraltar.

Nicholas Cruz: Regulatory Settlement Agreement

News Release by the Gibraltar Financial Services Commission announcing it has entered into a "Regulatory Settlement Agreement" with Nicholas Cruz, who was a non-executive director of Enterprise Insurance Company Plc. "The GFSC has not made any adverse findings in relation to Mr Cruz's integrity," stated the regulator.

Nicholas Cruz & Gibraltar FSC: Joint Statement on Defamation Claim

Joint Statement by the Gibraltar Financial Services Commission and Nicholas Cruz regarding a defamation claim by Cruz against the GFSC regarding the regulator's news release on October 26th, 2016 regarding Enterprise Insurance Company Plc, of which Cruz was a non-executive director.

Novasigma Limited: Unlicensed Activity

Public Warning by the Gibraltar Financial Services Commission that Novasigma Limited "appears to be purporting to offer company management services in Gibraltar" without a license. Editor's Note: Research by OffshoreAlert at Companies House Gibraltar showed that Novasigma Limited was incorporated in Gibraltar on May 21st, 2015 and, in its most recent annual return dated May 4th, 2018, the company's sole director was identified as Jussi Olavi Hallikas, described as a Finnish "tax advisor" residing in Tbilisi, Georgia, and its sole shareholder as Novasigma Limited, of the Seychelles. The company's website at www.novasigma.com is no longer operational. In his LinkedIn profile, Hallikas is currently described as "Managing Director" of "Fidelcrest", a company purportedly domiciled in Hungary that offers "forex trading" products and services at www.fidelcrest.com.

Elite Insurance Company Ltd.: Administration

Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".

Minette Compson: Disqualification

Decision Notice by the Gibraltar Financial Services Commission disqualifying Minette Compson for being "not a fit and proper person".