Regulatory Agencies

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of Maxiflex Ltd.

Public Notice by the Cyprus Securities and Exchange Commission that it has revoked the investment license of Holiway Investments Ltd. for regulatory breaches.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €1.56 million on Banque Degroof Petercam Luxembourg S.A. for regulatory breches.

Public Notice by the Bermuda Monetary Authority that it has "successfully petitioned the Supreme Court of Bermuda to wind up British Steamship Protection and Indemnity Association (Bermuda) Limited", described as "a wholly owned subsidiary of British Steamship Protection & Indemnity Association Limited, a company incorporated in the Republic of the Marshall Islands", for regulatory breaches.

Administrative Order by the U.S. Securities and Exchange Commission imposing a fine of $103,591 on African Gold Acquisition Corp., described as "a publicly traded special purpose acquisition company incorporated in the Cayman Islands with its principal place of business in New York, New York", for, inter alia, the entity's "failure to implement sufficient internal controls enabled its former chief financial officer [Cooper Morgenthau] to misappropriate nearly all of the money in African Gold’s operating bank account and to otherwise effectively use African Gold’s operating bank account as his own personal account for over one year".

Public Notice by the British Virgin Islands Financial Services Commission that it has revoked the Class II Trust License of Palladium Trust Company (BVI) Limited "on the basis that the Company has ceased to carry on financial services business".

Public Notice by the British Virgin Islands Financial Services Commission that it has revoked the Class II Trust License of La Hougue Trustees Limited for failure "to pay annual licence fees".

Public Notice by the Luxembourg CSSf that it has imposed an administrative fine of €45,800 on FundRock Management Company S.A.

Public Notice by the Luxembourg CSSF that it has imposed an administrative fine of €174,000 on Alter Domus Management Company SA, formerly known as Luxembourg Fund Partners S.A., for regulatory breaches regarding Columna Commodities Fund..

Public Notice by the Guernsey Financial Services Commission that it has imposed fines and prohibitions on William Stephen Cairns and Du Preez Gert Vermeulen.

Amended Decision Notice by the Dubai Financial Services Authority imposing a fine of $44,800 and industry ban on Stuart Coles, a citizen of the United Kingdom.

Public Warning by the Swiss Financial Market Supervisory Authority that Hyperrr.com GmbH is "suspected of conducting unauthorised activities in the financial market".

Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £4,127 on Döhle Yachts Management Services Limited.

Press Release by the U.S. Securities and Exchange Commission announcing that Nexo Capital Inc., of the Cayman Islands, has agreed to pay $45 million in penalties for conducting an "unregistered offering of crypto asset lending product".

Administrative Order by the U.S. Securities and Exchange Commission imposing a civil money penalty of $22.5 million on Nexo Capital Inc., described as a Cayman Islands-domiciled provider of "crypto asset-related financial products and services", for an unregistered securities offering.

Public Notice by the Cyprus Securities and Exchange Commission that it has imposed restrictions on Petros Zachariades regarding Crowd Tech Ltd., suspending him from exercising" voting rights" and prohibiting his involvement in "management duties".

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 11 "Labuan Licensed Entities".

Public Notice by the Malta Financial Services Authority that it has prohibited Karl Cini "from accepting any new positions" while "criminal proceedings against Mr. Cini are ongoing".

Public Notice by the Malta Financial Services Authority that it has prohibited Brian Tonna "from accepting any new positions" while "criminal proceedings against Mr. Tonna are ongoing".

Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $35,000 on ILS Fiduciary (BVI) Limited for a regulatory breach.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £280,000 on GFG Limited (in Voluntary Liquidation) for "the firm’s failure to meet the minimum criteria for licensing under the Protection of Investors (Bailiwick of Guernsey) Law, 2020".

Consent Order imposing a fine of $50 million in the Department of Financial Services v. Coinbase Inc.

Decision by South Africa's Financial Services Tribunal setting aside a fine and disqualification in Nigel James Green, a citizen of the United Kingdom residing in the United Arab Emirates who is principal of deVere Group v. South Africa's Financial Conduct Authority.

Public Notice by the Guernsey Financial Services Commission that it has imposed a disqualification on Hamish Jebb Hamilton Few.

Public Statement by the Guernsey Financial Services Commission that it has imposed penalties on Crescendo Advisors International Limited and Hamish Jebb Hamilton Few.

Media Release by the Securities Commission of the Bahamas, including copies of filings at Bahamas Supreme Court, regarding what information about the failed FTX crypto group can be legally shared with debtors in the United States.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the fund registrations of VQR Multistrategy Fund LP and VQR Multistrategy Cayman Feeder Fund Ltd.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the mutual fund registration of Virgil Sigma Fund LP.

Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the director registration of Stefan He Qin.

Public Notice by the Cyprus Securities and Exchange Commission that Target Wealth Opportunities Ltd. has paid €30,000 to settle a regulatory investigation.

Public Statement by the Isle of Man Financial Services Authority regarding Suzanne Margaret Collins and her conduct as "Head of Compliance" of Corporate Options Limited, later known as Parcville Limited.

Public Statement by the Isle of Man Financial Services Authority "concerning the regulatory investigation of the Isle of Man Financial Services Authority in respect of Parcville Limited, formerly known as Corporate Options Limited, and the associated outcomes", including the imposition of prohibitions on Gerald Chase, Paul Chase, and Lee Murphy.

Public Notice by the Cyprus Securities and Exchange Commission that BCM Begin Capital Markets CY Ltd. has paid €100,000 to settle a regulatory investigation.

Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $30,000 on Espada Capital Limited for "Carrying on investment business services without the appropriate licence".

Media Release by the Securities Commission of the Bahamas to "once again correct key misstatements made by Mr. John J. Ray III, the representative of the U.S. FTX debtors, which do not appear to be concerned with facts but rather, appear intended only to make headlines and advance questionable agendas".

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".

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.

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".

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,100 on Sovereign Pension Service Limited for regulatory breaches.

Public Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £18 million on Julius Baer International Limited "for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA" and banned "Gustavo Raitzin, former Regional Head for Bank Julius Baer, Thomas Seiler, former BJB Sub-Regional (Market) Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone,former relationship manager on JBI’s Russian and Eastern European Desk".

Public Statement by the Jersey Financial Services Commission that Jersey-domiciled Evrensel Capital Partners Public Limited Company is "carrying on ... financial services business" without being authorized to do so.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €210,000 on BOS Wealth Management Europe SA for regulatory breaches.

Public Notice by the Bermuda Monetary Authority that it has canceled the "non-licensed person" registration of HBC Management Limited for regulatory breaches.

Public Notice by the Isle of Man Financial Services Authority that it has imposed a corporate disqualification on Adrian Benedict Sacco.

Media Release by the Securities Commission of the Bahamas announcing that it has obtained an order of "Indemnity and Reimbursement" from the Bahamas Supreme Court regarding the regulator's actions concerning the FTX crypto group, including "the transfer of certain digital assets to a digital wallet controlled by the Commission".

Public Notice by the Mauritius Financial Services Commission that it has revoked the Global Business License of Duet Consumer West Africa Partners Limited.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Global Business Licence and Investment Dealer Licence of Hub Investments Ltd.

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Lorraine Falzon for not being "fit and proper".

Public Notice by the Malta Financial Services Authority that it has imposed a corporate disqualification on Matthew Pace for not being "fit and proper".

Media Release by the Securities Commission of the Bahamas titled 'Securities Commission of The Bahamas Assumes Control of Assets of FTX Digital Markets Ltd.'.