Christian Farrugia

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.

Public Statement by the Malta Financial Services Authority that it has imposed a fine of €15,000 on ARQ Fiduciaries Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that the directors and shareholders of ARQ Fiduciaries Limited are identified as Christian Farrugia and Tonio Fenech, both of Malta. Previous directors include Nicholas Gouder, of Malta, who resigned effective December 18th, 2019.

Announcement by the Malta Financial Services Authority that it has imposed a fine of €21,460 on Advent Insurance PCC Limited for breaches "of the Insurance Business Act for failure to submit the audited financial statements and the report on solvency and financial condition within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, at the Malta Business Registry, the directors of Advent Insurance PCC Limited are identified as James Dunbar Cousin, a citizen and resident of Malta; Christian Farrugia, a citizen and resident of Malta; Anne Finn, a citizen of Ireland residing in Malta, and David Starforth Hill, a citizen of the United Kingdom residing in London, England. and the shareholders as Absolut Holding Limited, Advent International Holdings Limited, ARQ Fiduciaries Limited, Autorama Holding (Malta) Limited, Freedom Health (Holdings) Limited, UIB Holding (Malta) Limited, and UnlimitedCare Holding Limited, all of Malta.