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Cayman regulator revokes license of Focus Administration

July 13, 2020 by David Marchant

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Citing insolvency and other regulatory issues, the Cayman Islands Monetary Authority has revoked the Full Mutual Fund Administrators License of Focus Administration Limited, effective July 8th.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.

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