AAA Venture Fund SPC Limited - which appears to be a Ponzi scheme - has been taken over by the Cayman Islands Monetary Authority. The Fund was operated by Swiss national Peter Obrist, with an address in Dubai, and Didier Van Caloen, with an address in Hong Kong.
A Cayman Islands based commodity pool operator partly owned - at least on paper - by an affiliate of local law firm Truman Bodden & Company has settled a regulatory action in the United States in which it was accused
Colorado's banking regulator has taken legal action in an attempt to close down American International Depository & Trust, which bills itself as the “first Old-World International Private Bank in the United States”. AIDT is defending the action at Colorado's Office of Administrative Courts and has obtained an order sealing the case in an attempt to limit the damage to its business.
AS&K denies it is merging with Truman Bodden & Co. (Cayman), Neville Grant, resigns as head of the Cayman Islands Monetary Authority, Montserrat revokes offshore banking license of Equity Bank and Trust Company Limited, Grenada's Ambassador to the United States, Denis G. Antoine, makes a fool of himself while defending Grenada's offshore financial sector, illegally-operated offshore 'bank' continues in business despite regulatory action, sham 'Monaco Bank of Trade' tries to lure Internet users by offering absurdly-high rates of return, Russian businessman Vladimir Momitko dismantles web-site in which he sought to breach the copyright of financial publishers.