Corporate Services

News Release by the Guernsey Financial Services Commission that it has imposed a fine of £35,000 on corporate service provider Gary William Jason Durkin "following his failure to meet the Minimum Criteria for Licensing".

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 R & M Management (I.O.M.) Limited and the associated outcomes".

Director Details for Action Corporate Services Limited, obtained from the Cayman Islands Corporate Registry on July 15th, 2022.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £450,000 on Artemis Trustees Limited for "their failure to meet the minimum criteria for licensing".

Public Statement by the Jersey Financial Services Commission that it has imposed a fine of £803,661 on IQ EQ (Jersey) Limited, formerly known as First Names (Jersey) Limited, for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €13,600 on Sovereign Pension Services Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €11,000 on Bourse Pension Administrators (Malta) Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €14,475 on Atom Trustees Limited for regulatory breaches.

Public Notice by the Malta Business Registry that it has imposed a fine of €2,000 on Affinity Corporate Directors Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €4,500 on RiskCap International Limited for regulatory breaches.

Application for Leave to Apply for Judicial Review regarding a regulatory fine of CI$299,050 in Sterling Asset Management International Limited v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.

Judgment regarding "a narrow but important point of construction" regarding "the manner in which a body corporate may commence or defend or take steps in proceedings and prohibits a body corporate from so acting 'otherwise than by an attorney'" in Intertrust Corporate Services (Cayman) Limited v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.

Public Notice by the Cayman Islands Monetary Authority that it has revoked the Restricted Mutual Fund Administrator's Licence of Advanced Fund Administration (Cayman) Ltd.

Judgment setting aside two applications for judicial review in David Cosgrove and RDL Management Limited v. The Financial Services Review Panel at the Supreme Court of Mauritius.

Defense in Vistra Group Holdings (BVI) Limited, Vistra Group Holdings (BVI) III Limited, Vistra International Expansion (USA) Inc., and Vistra Group Holdings (BVI) I Limited v. Zurich Insurance Plc, Lloyd’s Syndicate No. 3000 MKL, Markel Insurance SE, International General Insurance Company (UK) Limited, Lloyd’s Insurance Company S.A., Riverstone Managing Agency Limited, Markel Insurance SE T4405, Endurance Worldwide Insurance Ltd., Allied World Assurance Company, Allianz Global Corporate and Specialty SE, Lloyd’s Syndicate No. 1919 CVS., Assicurazioni Generali S.p.A., HCC International Insurance Company Plc, Tokio Marine Europe S.A., Liberty Corporate Capital Limited, and Lloyd’s Underwriter Syndicate No. 5000 TRV at the High Court of Justice of England and Wales.

The Conyers legal and corporate services group, which is one of the offshore industry's biggest professional service providers, has been fined $2.1 million by the Bermuda Monetary Authority for failure to comply with anti-money laundering regulations and legal "obligations".

Press Release by the Bermuda Monetary Authority that it has imposed penalties totaling $981,000 on Conyers Corporate Services (Bermuda) Limited for regulatory breaches.

Press Release by the Bermuda Monetary Authority that it has imposed penalties totaling $1,118,500 on Conyers Corporate Services (Bermuda) Limited for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €750 on Trireme Pension Services (Malta) Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Optimus Fiduciaries (Malta) Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €1,800 on Elmo Pensions Limited for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €11,000 on Dominion Fiduciary Services (Malta) Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,950 on Aqua Trust Services Malta Limited for regulatory breaches.

Particulars of Claim in Vistra Group Holdings (BVI) Limited, Vistra Group Holdings (BVI) III Limited, Vistra International Expansion (USA) Inc., and Vistra Group Holdings (BVI) I Limited v. Zurich Insurance Plc, Lloyd's Syndicate No. 3000 MKL, Markel Insurance SE, International General Insurance Company (UK) Limited, Lloyd's Insurance Company S.A., Riverstone Managing Agency Limited, Markel Insurance SE T4405, Endurance Worldwide Insurance Ltd., Allied World Assurance Company, Allianz Global Corporate and Specialty SE, Lloyd's Syndicate No. 1919 CVS., Assicurazioni Generali S.p.A., HCC International Insurance Company Plc, Tokio Marine Europe S.A., Liberty Corporate Capital Limited, and Lloyd's Underwriter Syndicate No. 5000 TRV at the High Court of Justice of England and Wales.

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €61,763 on BDO Consult Limited for regulatory breaches.

Decision Notice by the Cayman Islands Monetary Authority revoking the Companies Management License of The RDI Company Ltd.

Public Notice by the Mauritius Financial Services Commission that it has suspended the Management Licence of Fiduciam Corporate Ltd.

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €94,868 on N Trust Limited for regulatory breaches.

For the first time in over four years, the British Virgin Islands Financial Services Commission has published details of a fine against a licensed entity, a $20,000 penalty imposed on McNamara Corporate Services Ltd.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on AlleyBe Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on EMCS Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Cymaplus Malta Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €3,000 on CSB International Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,000 on ECDP Malta Limited.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €4,500 on Business Serving Limited for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €3,750 on Felicitas Corporate Limited for a regulatory breach.

Stuart Brankin appears to have left Cayman Islands corporate services provider Circumference FS after OffshoreAlert revealed allegations of fraud against one of their clients. All references to Brankin, including his name, photo, and profile, were removed from Circumference's website one day after we reported that Asia Momentum Fund, of which Brankin was a director and to which Circumference provided services, had been accused of swindling Malaysian citizens out of more than $212 million as part of a wider $4.5 billion fraud involving 1MDB.

Letter from Charlotte Hoffman, Group General Counsel of corporate services provider Circumference, requesting the removal from an article of an image of Circumference employee Stuart Brankin, who was a director of a fund - Asia Momentum Fund - that had been accused in a lawsuit of swindling an investor out of $212 million as part of a wider $4.5 billion fraud against a Malaysian Government-operated company known as 1MDB. Brankin's image was "taken directly from our website without permission by us or by Mr. Brankin", wrote Hoffman, whose group provided various corporate services to Asia Momentum Fund.

Originating Summons in which a Cayman Islands corporate services provider plaintiff "seeks the determination of the Court as to the meaning and effect of Section 255 and Section 281 D of the Companies Act (2022 Revision)" in Walkers Corporate Limited v. The Minister of Financial Services and Commerce, The Registrar of Companies, and The Attorney General of the Cayman Islands at the Grand Court of the Cayman Islands.

Public Notice by the Luxembourg CSSF that it has imposed a fine of €40,000 on PFS Agir Luxembourg S.A. for regulatory breaches.

Public Notice by the British Virgin Islands Financial Services Commission that it has imposed a fine of $20,000 on McNamara Corporate Services Limited for regulatory breaches.

Public Notice by the Guernsey Financial Services Commission that it has imposed a fine of £196,000 and disqualification on Robert Archibald Gilchrist Sinclair.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,500 on Conlegia Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,500 on Contact Advisory Services Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €3,350 on Capricorn International Ltd. for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on Amber Services (Malta) Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €6,150 on Acta Fidelia Limited for regulatory breaches.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €3,750 on Family Office Malta Limited for a regulatory breach.

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €500 on TMF Management and Administrative Services (Malta) Ltd. for a regulatory breach.

Guernsey-based corporate services provider Hansard Ltd. and five of its directors, including its chairman, Philip Blows, have been fined a total of £398,300 following an investigation in which the firm told its local regulator that 75% of its clients were "high-risk".