Alpha Consulting Ltd. et al: License Revocation (Seychelles)
Public Notice by the Seychelles Financial Services Authority that it has revoked the licenses of Alpha Consulting Ltd. and Alpha Fiduciary Services Ltd.
USA v. Trident Corporate Services, Inc. et al: Order Granting Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Order Granting Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on TT (USA) Holdings, Inc., Trident Corporate Services, Inc., and Trident Fund Services, Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Northern District of Georgia.
Blackfridge SC Ltd.: Temporary Suspension of License (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that the financial services license of Blackfridge SC Limited has been temporarily suspended.
Pio Valletta: €105K Fine (Malta)
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €105,000 and other penalties on Dr. Pio Valletta for operating as a corporate services provider without being registered.
Family Office Ltd.: ‘Cease Business’ Directive (Malta)
Public Notice by the Malta Financial Services Authority that it has imposed a directive against Family Office Limited "to cease is licensable trustee and/or fiduciary business".
Family Office Malta Ltd.: ‘Cease Business’ Directive (Malta)
Public Notice by the Malta Financial Services Authority that it has imposed a directive against Family Office Malta Limited "to cease its licensable CSP business".
Meritus Trust Company Ltd.: Company Report (Bermuda)
Company Report for Meritus Trust Company Limited, obtained from the Bermuda Registrar of Companies on December 30th, 2024.
Meritus Trust Company Ltd.: $600K Fine (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has imposed a fine of $600,000 on Meritus Trust Company Limited for regulatory breaches.
U.S. courts authorize IRS to issue ‘John Doe’ summonses to identify Trident Trust Group clients suspected of U.S. tax evasion
United States federal courts in New York and South Dakota have entered orders authorizing the IRS to serve 'John Doe' summonses on 14 entities in an attempt to identify clients of corporate services provider Trident Trust Group who are suspected of evading U.S. taxes, while a third court in Georgia has yet to rule on a similar petition.
USA v. FedEx et al: Order Granting Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Order Granting Ex Parte Petition by the IRS for Leave to Serve 'John Doe' Summonses on FedEx Corporation, DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, National Association, The Bank of New York Mellon Corporation, Wells Fargo Bank, National Association, Citibank, National Association, UBS AG, Bank of America, National Association, Deutsche Bank Trust Company Americas, and Nevis Services Limited as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Southern District of New York.
1MDB liquidators file second BVI lawsuit against Amicorp & CEO Toine Knipping, seek $1B+ for ‘knowing participation in fraud’
The liquidators of former Malaysian sovereign wealth fund 1MDB have filed a second lawsuit in the British Virgin Islands against Hong Kong-based corporate services provider Amicorp Group and its Dubai-based CEO, Toine Knipping, this one seeking damages in excess of $1 billion for alleged "knowing participation" in a multi-billion dollar fraud. Amicorp issued a statement that it "strongly denies the allegations".
‘1MDB liquidators file $1B+ BVI lawsuit against Amicorp & CEO Toine Knipping for alleged fraudulent trading’ (Plaintiffs’ Press Release)
Press Release headlined "1MDB launches claim against Amicorp Group for facilitating over $7 billion in fraudulent transactions", issued on behalf of the plaintiffs by Bryan Wang, of Byfield Consultancy. OffshoreAlert has been told that this action is an addition to a prior claim alleging dishonest assistance that was filed against Amicorp parties at the same court on June 23rd, 2024 and which, according to Byfield Consultancy, is still active.
USA v. Trident Trust Company (South Dakota) Inc.: USA’s Motion to Unseal All Documents (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
USA's Motion to Unseal All Documents in Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on Trident Trust Company (South Dakota) Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the District of South Dakota.
Aabar Investments PJS Ltd. et al v. Amicorp B.V.I. Ltd. et al: Claim Form (‘Knowing Participation in $7.65B 1MDB Fraud’)
Claim Form alleging the respondents "knowingly participated" in an alleged $7.65 billion fraud committed by their clients against "a now-insolvent Malaysian sovereign wealth fund" known as 1MDB in Angela Barkhouse and Toni Skukla, as Joint Liquidators of Aabar Investments PJS Limited, SRC International (Malaysia) Limited, and Brazen Sky Limited v. Amicorp B.V.I. Limited, of the British Virgin Islands; Amicorp Management Limited, of the British Virgin Islands; Artemas Wealth Management (Barbados) Ltd., formerly known as Amergeris Wealth Management (Barbados) Ltd., of Barbados; Amicorp Fund Services N.V., of Curaçao; Amicorp Singapore PTE. Ltd., of Singapore; Amicorp Hong Kong Limited, of Hong Kong; Amicorp Limited, of Hong Kong; Amicorp Bank and Trust Limited, of Barbados, and Antonius Rudolphus Wilhelmus Knipping, a.k.a. Toine Knipping, of Dubai, United Arab Emirates, at the British Virgin Islands High Court.
USA v. Trident Trust Company (South Dakota) Inc.: Court Docket (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Court Docket for a sealed Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on Trident Trust Company (South Dakota) Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the District of South Dakota.
USA v. Trident Corporate Services, Inc. et al: Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Ex Parte Petition by the IRS for Leave to Serve ‘John Doe’ Summonses on TT (USA) Holdings, Inc., Trident Corporate Services, Inc., and Trident Fund Services, Inc. as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Northern District of Georgia.
USA v. FedEx et al: Petition to Serve ‘John Doe’ Summonses (‘Tax Evasion Investigation Into Clients of Trident Trust Group’)
Ex Parte Petition by the IRS for Leave to Serve 'John Doe' Summonses on FedEx Corporation, DHL Express (USA), Inc., United Parcel Service, Inc., the Federal Reserve Bank of New York, The Clearing House Payments Company LLC, HSBC Bank USA, National Association, The Bank of New York Mellon Corporation, Wells Fargo Bank, National Association, Citibank, National Association, UBS AG, Bank of America, National Association, Deutsche Bank Trust Company Americas, and Nevis Services Limited as part of an investigation into suspected tax evasion by clients of Trident Trust Group, filed at the U.S. District Court for the Southern District of New York.
IRS files ‘John Doe summons’ petitions to identify Trident Trust Group clients suspected of U.S. tax evasion
In an attempt to identify clients of international corporate services provider Trident Trust Group who are suspected of evading U.S. taxes, the IRS has applied to federal courts in New York, Georgia, and South Dakota for permission to serve 'John Doe Summonses' on courier services, financial institutions, correspondent banks, and Trident Trust Group itself.
‘Remove my name or I’ll sue’, writes Singapore-based accountant Trisha Moustafa
Letter from Singapore-based accountant Trisha Moustafa threatening to sue OffshoreAlert if we did not remove her name from our website in connection with a complaint against LM Fund One Ltd. (in Official Liquidation) to which Moustafa was not a party, nor identified as such by OffshoreAlert, but in which she was identified as having corresponded with the plaintiff in her capacity as an employee of Bolder Fund Services (Singapore) Pte Ltd., which had allegedly accepted LM Fund One Ltd. as a client after the Fund's previous administrator had allegedly resigned.
IQ EQ (Isle of Man) Ltd.: £614K Fine (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that it has imposed a fine of £614,009 on IQ EQ (Isle of Man) Limited for regulatory breaches.
Guernsey regulator bans Steve Dewsnip from financial services industry
British businessman Steve Dewsnip, 57, whose involvement in several fraudulent investment schemes has been previously exposed by OffshoreAlert, has been banned from Guernsey's regulated financial services industry "as a result of his failure to meet the minimum criteria for licensing".
Stephen Dewsnip: Disqualification (Guernsey)
Public Announcement by the Guernsey Financial Services Commission that it "decided to prohibit Mr Stephen Paul Dewsnip from performing any function on behalf of a regulated entity".
Guernsey regulator penalizes Zedra Trust Co. and ex-officer Colin Borman regarding ‘entity owned by suspected fraudster’
Guernsey's financial regulator has fined Zedra Trust Company and fined and banned former officer Colin Borman for essentially helping to conceal the beneficial ownership of an entity by a businessman who had been arrested for suspected fraud, bribery, and corruption.
Zedra Trust Company (Guernsey) Ltd. et al: £105K Fines & Disqualification (Guernsey)
Public Statement by the Guernsey Financial Services Commission that it has imposed fines of £90,000 and £15,000 on Zedra Trust Company (Guernsey) Limited and Colin Andrew Borman, respectively, and, additionally, a two-year disqualification on the latter for regulatory breaches.
BVI regulator fines Vistra corporate services group $276K for AML breaches
Two British Virgin Islands companies that are part of the Vistra corporate services group have been fined a combined $276,500 for breaches of the BVI's Anti-Money Laundering regulations and/or code of practice.
Belasko Jersey Ltd.: £19.2K Fine (Jersey)
Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £19,211 for regulatory breaches.
Richmond Corporate Services Ltd.: Company Report (Bermuda)
Company Report for Richmond Corporate Services Ltd., obtained from Bermuda Registrar of Companies on October 9th, 2024.
Vistra (BVI) Ltd.: $219K Fine (British Virgin Islands)
Enforcement Action by the British Virgin Islands Financial Services Commission imposing a fine of $219,000 on Vistra (BVI) Limited for contraventions of the Anti-Money Laundering Regulations and Anti-Money Laundering Terrorist Financing Code of Practice, 2008.
Vistra Trust (BVI) Ltd.: $57.5K Fine (British Virgin Islands)
Enforcement Action by the British Virgin Islands Financial Services Commission imposing a fine of $57,500 on Vistra Trust (BVI) Limited for contraventions of the Anti-Money Laundering Terrorist Financing Code of Practice, 2008.
Richmond Corporate Services Ltd.: License Revocation (Bermuda)
Public Notice by the Bermuda Monetary Authority that it has revoked the license of Richmond Corporate Services Ltd.
Global Diversified Investment Company Ltd. et al v. Amicorp B.V.I. Ltd. et al: Claim Form (‘1MDB Dishonest Assistance’)
Claim Form in Global Diversified Investment Company Limited, formerly known as 1MDB Global Investments Limited; Aabar Investments PJS Limited (in Liquidation), SRC International (Malaysia) Limited (in Liquidation), and Brazen Sky Limited (in Liquidation) v. Amicorp B.V.I. Limited, of the British Virgin Islands; Amicorp Management Limited, of the British Virgin Islands; Artemas Wealth Management (Barbados) Ltd., formerly known as Amergeris Wealth Management (Barbados) Ltd., of Barbados; Amicorp Fund Services N.V., of Curaçao; Amicorp Singapore Pte. Ltd., of Singapore; Amicorp Hong Kong Limited, of Hong Kong; Amicorp Limited, of Hong Kong; Amicorp Bank and Trust Limited, of Barbados, and Antonius Rudolphus Wilhelmus Knipping, a.k.a. Toine Knipping, of Dubai, United Arab Emirates, at the British Virgin Islands High Court.
Fiduciam Corporate Ltd.: License Revocation (Mauritius)
Public Notice by the Mauritius Financial Services Commission that it has revoked the management license of Fiduciam Corporate Ltd. for regulatory breaches.
Hill Robinson Ltd.: Public Statement (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority regarding Hill Robinson Limited's "non-compliance with Section 20(3) of the Beneficial Ownership Act 2017".
Rose Financial LP et al v. Amicorp (BVI) Trustees Ltd. et al: Claim Form (‘Dishonest Assistance’)
Claim Form alleging "dishonest assistance of the breaches of Mr Fernando Haberer" in Rose Financial Limited Partnership, Silesia Limited Partnership, Clodi Holdings Limited, and Rado Limited Partnership v. Amicorp (BVI) Trustees Limited, Amicorp (Barbados) Limited, Amicorp Curaçao B.V., Amicorp Management Limited, Amicorp Mexico S.A. de C.V. SOFOM, E.N.R., Amicorp New Zealand Limited, Amicorp Trustees (New Zealand) Limited, SGG Management (BVI) Ltd., and IQ EQ Management (Curaçao) N.V., formerly known as SGG Management (Curaçao) N.V. at the British Virgin Islands High Court.
Ginette Blondel: £210K Fine & Disqualification (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £210,000 and corporate disqualification on Ginette Louise Blondel for regulatory breaches.
Fides Corporate Services Ltd. et al: £266K Fines & Disqualifications (Guernsey)
Public Notice by the Guernsey Financial Services Commission that it has imposed fines totaling £266,000 and/or corporate disqualifications against Fides Corporate Services Limited, David Charles Housley Whitworth, Paul Conway, and Stuart Turner for regulatory breaches.
Rankin Berkower (Cayman) Ltd.: Directors (Cayman Islands)
Director Details for Rankin Berkower (Cayman) Ltd., obtained from the Cayman Islands General Registry on January 27th, 2024.
Paget-Brown Financial Services Ltd. v. Cayman Islands Registrar of Companies: Notice of Originating Motion (‘$100K Illegal Fine’)
Notice of Originating Motion regarding a $100,000 fine imposed by the Registrar of Companies "for alleged breach of the obligation under section 261(2) of the Companies Act (2023 Revision) to file beneficial ownership information in relation to companies for which it provided services" in Paget-Brown Financial Services Limited v. The Registrar of Companies, Cindy Jefferson-Bulgin, and The Competent Authority in Relation to Appeals, Dax Basdeo, PhD, JP, Chief Officer, Ministry of Financial Services and Commerce, at the Grand Court of the Cayman Islands.
Wilton (IOM) Ltd.: License Revocation (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority that it has revoked the license of Wilton (IOM) Limited for regulatory breaches.
Guernsey FSC v. Ian Domaille et al: Appeal Judgment (‘Regulatory Sanctions’)
Judgment allowing an appeal by the Guernsey Financial Services Commission in Guernsey Financial Services Commission v. Ian Charles Domaille, Ian Geoffrey Clarke, and Margaret Helen Hannis at the Court of Appeal of Guernsey.
Heather Kent: Disqualification (Isle of Man)
Public Statement from the Isle of Man Financial Services Authority "concerning the prohibition of Heather Ann Kent".
Anthony Cooke: Disqualification (Isle of Man)
Public Statement by the Isle of Man Financial Services Authority regarding the prohibition of Anthony Thomas Cooke.
Andrew Hicks: Disqualification (Jersey)
Public Statement by the Jersey Financial Services Commission that it has issued an industry ban against Andrew Mark Hicks for his conduct regarding "Lutea Holdings Limited and Lutea Trustees Limited", described as "a Jersey-regulated trust company business" of which he was "a long-standing principal person".
Nicola Hodge: Disqualification (Jersey)
Public Statement by the Jersey Financial Services Commission that it has issued an industry ban against Nicola Marguerite Hodge for her conduct regarding "Lutea Holdings Limited and Lutea Trustees Limited", described as "a Jersey-regulated trust company business" of which she was "a long-standing principal person".
Thibaut International Management Ltd.: Public Censure (Mauritius)
Public Censure by the Mauritius Financial Services Commission against Thibaut International Management Ltd. for "operating without an Alternate Money Laundering Reporting Officer or a Deputy Money Laundering Reporting Officer".
Paul Pybus et al v. Guernsey FSC Chairman: Judgment (‘Suspension of Regulatory Penalties’)
Judgment suspending a fine of £150,000, prohibition order, and "the issue of the public statement" until the outcome of an appealin Paul Randall Pybus and Adjure Global Limited v. The Chairman of the Guernsey Financial Services Commission at the Royal Court of Guernsey Financial Services Commission.
TMF (B.V.I.) Ltd.: $120K Fine (British Virgin Islands)
Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $120,000 on TMF (B.V.I.) Ltd. for regulatory breaches.
Deborah Ellis et al: Penalties (Guernsey)
Public Notice by the Guernsey Financial Services Commission regarding penalties against Chamberlain Heritage Services Limited and Deborah Anne Ellis.
Chamberlain Heritage Services Ltd. et al: Penalties (Guernsey)
Public Notice by the Guernsey Financial Services Commission regarding penalties against Chamberlain Heritage Services Limited, Christopher Henry Shaw, John Adam Robilliard, and Bruce David McNaught.
Fuchs & Associés Finance SA: Dissolution & Liquidation (Luxembourg)
Press Release by the Luxembourg CSSF that it has revoked the license of "investment firm" Fuchs & Associés Finance S.A. due to "serious breaches of essential legal and regulatory requirements" and that the Luxembourg District Court had ordered the "dissolution and judicial liquidation" of the company.
