Mark Anderson

Nevis has a new regulator for its offshore sector - Neville Cadogan, a Jamaican national; and Ian Strang has been replaced as liquidator of Atlas Securities by PricewaterhouseCoopers.

The Nevis government has thrown its support behind the First Nevisian stockbroking and corporate services group after Offshore Alert revealed last month that there is a current arrest warrant in South Africa for its main principal, Keith Leslie King, in relation to fraud and forgery charges and that he was kicked out of the Isle of Man by regulators. We have not heard from King or the Nevis government since we ran our article last month.