United Kingdom

John Kelmanson: £6.5K Fine

Disciplinary Consent Order from the United Kingdom's Insolvency Service that insolvency practitioner John Kelmanson "be Severely Reprimanded and fine £6,500" following "a Complaint that in his role as a potential liquidator/liquidator of a Company, Mr Kelmanson breached the fundamental principle of Professional Competence and Due Care of the Insolvency Code of Ethics".

Zafar Khan: £154K Fine

Decision Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £154,400 on Zafar Khan for regulatory breaches involving Carillion Plc, described as "a leading international construction, project finance and support services business operating in the UK, Canada and Middle East" before it went into liquidation in 2018.

Richard Howson: £397K Fine

Decision Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £397,800 on Richard John Howson for regulatory breaches involving Carillion Plc, described as "a leading international construction, project finance and support services business operating in the UK, Canada and Middle East" before it went into liquidation in 2018.

Richard Adam: £318K Fine

Decision Notice by the United Kingdom's Financial Conduct Authority imposing a fine of £318,000 on Richard Adam for regulatory breaches involving Carillion Plc, described as "a leading international construction, project finance and support services business operating in the UK, Canada and Middle East" before it went into liquidation in 2018.

Carillion Plc: Public Censure

Decision Notice by the United Kingdom's Financial Conduct Authority imposing a "Public Censure" on Carillion Plc, described as "a leading international construction, project finance and support services business operating in the UK, Canada and Middle East" before it went into liquidation in 2018, for regulatory breaches involving market manipulation, the dissemination of misleading information, and "acting with integrity".

Ronald Popely et al: Disqualifications

Press release by The Insolvency Service, in the United Kingdom that it has imposed disqualifications on Ronald Albert Popely, described as a resident of Gibraltar; Darren James Popely, and Stephen William Dickson for their roles in a scheme "to invest in hotel rooms" involving the Hever Hotel, in Kent, England.

Binance & EQONEX Ltd.: UK FCA Statement

Public Statement by the United Kingdom's Financial Conduct Authority regarding "recent statements made by EQONEX Limited and the Binance Group confirming that an entity called Bifinity will advance a US$36 million convertible loan to EQONEX".

Solicitors Regulation Authority Ltd. v. MdR Solicitors et al: Judgment

Judgment imposing a fine of £25,000 and costs of £32,500 against MdR Solicitors and dismissing allegations against Elizabeth Ellen in Solicitors Regulation Authority Ltd. v. Elizabeth Ellen and MdR Solicitors, formerly known as Mishcon de Reya Solicitors, at the Solicitors Disciplinary Tribunal.

Mishcon de Reya LLP: £232K Fine

Decision by the Solicitors Regulatory Authority for England and Wales imposing a fine of £232,500, plus costs of £50,000, on Mishcon de Reya LLP, a law firm, for regulatory breaches.

Craig Whyte: Arrest

Press Release by the United Kingdom's Financial Conduct Authority announcing the arrest in England of Craig Whyte, a Scottish businessman who previously owned Rangers Football Club, for "non-disclosure of key passwords for various laptops and phones" that were seized from him in 2018.

National Westminster Bank Plc: £265M Fine

Public Notice by the United Kingdom Financial Conduct Authority that National Westminster Bank Plc was fined £264.8 million "following convictions for three offences of failing to comply with money laundering regulations".

Magna Group: Forced Liquidation

Press Release from the United Kingdom's Insolvency Service announcing that it "shut down" seven "mini-bond companies" that were part of Magna Group as a result of the "mis-selling of over £20m of loan notes".

Dolfin Financial (UK) Ltd.: Special Administration

Public Notice by the United Kingdom's Financial Conduct Authority that Dolfin Financial (UK) Ltd., described as a "wealth management firm", has entered "Special Administration". Editor's Note: Research by OffshoreAlert at Companies House for England and Wales showed that the directors of Dolfin Financial (UK) Ltd. are Rodney Pennington Baker-Bates and Amir Mohammad Nabi, who are citizens of the United Kingdom, while former directors are Stephen Michael Kinglsey, a citizen of the U.K. and France, who resigned effective March 31st, 2021; Sanjay Maraj, a citizen of the U.K., who resigned effective September 30th, 2020; Denisz Andras Nagy, a citizen of Hungary, who resigned effective April 30th, 2020; Donald Dimitri Percival, a citizen of the U.K., who resigned effective October 25th, 2016; Henrik Segerberg, a citizen of Sweden, who resigned effective September 20th, 2013; Kai Yeu Tang, a citizen of the U.K., who resigned effective September 20th, 2013; Adrian van den Bok, a citizen of the U.K., who resigned effective February 10th, 2014, and Dr. Fadi Zaher, a citizen of Sweden, who resigned effective April 14th, 2016.

Sapien Capital Ltd.: £178K Fine

Final Notice by the United Kingdom's Financial Conduct Authority that it has imposed a fine of £178,000 on Sapien Capital Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert at Companies House for England and Wales showed that Sapien Capital Limited was incorporated on October 24th, 2007 and its directors and controlling persons are Ramesh Kumar Ahuja, a citizen of India, and Aditi Aggarwal, an Indian chartered accountant, while the company's website identifies its "Team" as Ramesh Kumar Ahuja, "CEO and Director"; Aditi Aggarwal, "Director", and Matthew Hill, "Head of Compliance and MLRO".

NatWest Plc: Criminal Proceedings

Press Release by the United Kingdom's Financial Conduct Authority that it has "commenced criminal proceedings against National Westminster Bank Plc" for suspected involvement in money laundering.

Dolfin Financial UK Ltd.: Restrictions

Public Notice by the United Kingdom's Financial Conduct Authority that it has "imposed a number of restrictions on Dolfin Financial (UK) Ltd. stopping it from carrying on any regulated activities due to concerns about the way it conducts its business". Editor's Note: Research by OffshoreAlert at Companies House for England and Wales showed that Dolfin Financial (UK) Ltd. was incorporated on November 5th, 2010, its directors are Rodney Pennington Baker-Bates, who is chairman of British insurance broker Willis Ltd.; Stephen Michael Kingsley, a former partner of PR firm FTI Consulting, and Amir Mohammed Nabi, who are all citizens of the United Kingdom, its former directors include Sanjay Maraj, a citizen of the United Kingdom, who resigned effective September 30th, 2020, and Denis Andras Nagy, a citizen of Hungary, who resigned effective April 30th, 2020, and its "person with significant control" is Denis Nagy.

Mohammed Zina et al: Criminal Proceedings

Press Release by the United Kingdom's Financial Conduct Authority announcing it has "commenced criminal proceedings" against brothers Mohammed Zina, who was employed as an analyst with Goldman Sachs International, and Suhail Zina, who was a lawyer with Clifford Chance, for suspected insider dealing involving ARM Holdings Plc, Alternative Networks Plc, Punch Taverns Plc, Shawbrook Plc, HSN Inc., and Snyder's Lance Inc.

TFS-ICAP Ltd.: £3M Fine

Press Release by the United Kingdom's Financial Conduct Authority announcing it has imposed a fine of £3.44 million on TFS-ICAP Ltd., described as "an FX options broker", for "market misconduct".

Goldman Sachs International: £48M Fine (FCA)

Final Notice imposing a fine of £48 million on Goldman Sachs International regarding a "bribery and misconduct" scheme involving 1Malaysia Development Berhad, a.k.a. 1MDB.

Goldman Sachs International: £48M Fine (FRP)

Final Notice by the Bank of England's Prudential Regulation Authority imposing a fine of £48.3 million on Goldman Sachs International, described as "an investment banking, securities and investment management firm headquartered in London", regarding allegations of "bribery and misconduct" involving 1Malaysia Development Berhad.

Alpine Consult Ltd. et al: Carbon Credit Network Liquidations

Press Release by the United Kingdom's Insolvency Service announcing that "19 companies involved in a giant boiler room scam to sell carbon credits to the public for investment have been ordered into liquidation in the public interest, following petitions presented by the Secretary of State for Business, Innovation & Skills", namely Alpine Consult Limited, Environmental Acquisitions Limited, Blue Horizons Trading Ltd., Burlington Energy Markets Ltd., Charles Stratton Limited, Claremont James Ltd., CNI (UK) Limited, Clear View Partnership Ltd., Eden Brown Group S.L., Enviro Associates Limited, Global Carbon Exchange Limited, Harman Royce Limited, Karlsson Chase Limited, Liberty Alternative Investments Limited, New Frontier Partnership Ltd., Oswald Bradshaw Limited, Pure Carbon Ltd., Seasaw Limited, and Strategic Carbon Solutions Ltd.,