Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €259,927 on Merkanti Bank Limited, formerly MFC Merchant Bank Limited, for regulatory breaches. Editor’s Note: Research by OffshoreAlert at the Malta Business Registry showed that Merkanti Bank Limited was incorporated on June 17th 2003, its directors are Christian Farrugia, a citizen of Malta; Friedrich Hondl, a citizen of Austria; Otto Karasek, a citizen of Austria; Samuel Morrow, a citizen of the United States, and George Portanier, a citizen of Malta, and its shareholders are Merkanti Holding Plc, of Malta, and Scully Royalty Ltd., of the Cayman Islands. Merkanti Holding Plc was incorporated on May 28th, 2015, its directors are Mario P. Galea, a citizen of Malta; Samuel Morrow, Benjamin Muscat, a citizen of Malta; Silke Stenger, a citizen of Germany, and Martin Ware, a citizen of the United Kingdom, and its shareholders are Merchants Employees Incentive Corp., of the Marshall Islands; Scully Royalty Ltd., and MFC 2017 II Ltd., of the Cayman Islands. The Cayman Islands General Registry showed that Scully Royalty Ltd.’s directors are Dr. Shuming Zhao, Friedrich Hondl, Indrajit Chatterjee, Jochen Dümler, Michael J. Smith, and Silke S. Stenger. There was no record of any company with the name MFC 2017 II Ltd. when OffshoreAlert searched the Cayman companies register.
Austria Banks & Trusts Cayman Islands Documents Germany Malta Malta Financial Intelligence Analysis Unit (FIAU) Marshall Islands Regulatory United Kingdom USAMay 14, 2021
Merkanti Bank Ltd.: €259K Fine
TopicsAustria Banks & Trusts Cayman Islands Germany Malta [ 4 more... ] [ top 5 ]
KeywordsBenjamin Muscat Christian Farrugia Friedrich Hondl George Portanier Indrajit Chatterjee
Jochen Dümler Mario Galea Martin Ware Merchants Employees Incentive Corp. Merkanti Bank Merkanti Holding Plc MFC 2017 MFC Merchant Bank Michael Smith Otto Karasek Samuel Morrow Scully Royalty Shuming Zhao Silke Stenger[ 14 more... ] [ top 5 ]