CIMA: Termination of Struck or Dissolved Entities (December 2024)
Public Notice by the Cayman Islands Monetary Authority of the 'Termination of Struck or Dissolved Entities', effective December 13th, 2024.
OneTRADEx Ltd.: Official Liquidation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that OneTRADEx Ltd. "was placed into official liquidation" after being in provisional liquidation since October 15th, 2019.
CIMA: Termination of Struck or Dissolved Entities (April 2024)
Public Notice by the Cayman Islands Monetary Authority regarding 'Termination of Struck or Dissolved Entities', effective April 18th, 2024.
Dzintars Derkacs: Registration Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Dzintars Derkacs for regulatory breaches.
Valor Capital: Registration Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the registration of Valor Capital for regulatory breaches.
CIMA: Termination of Struck or Dissolved Entities (December 2023)
Public Notice by the Cayman Islands Monetary Authority of the 'Termination of Struck or Dissolved Entities', effective December 11th, 2023.
Ling Zhang: Director Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority cancelling the "director registration" of Ling Zhang, of Beijing, China.
Jianxin Yu: Director Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority cancelling the "director registration" of Jianxin Yu, of Beijing, China.
Jolly Capital Ltd.: Registration Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority cancelling the registration of Jolly Capital Limited for regulatory breaches.
VIA Asset Management Ltd.: License Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority cancelling the securities license of VIA Asset Management Limited for regulatory breaches.
Trade and Commerce Bank: License Revocation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority revoking the license of Trade and Commerce Bank - 21 years after the bank went into liquidation.
Jianxin Yu: Warning Notice (Cayman Islands)
Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Jianxin Yu, of Beijing, China, for regulatory breaches.
Ling Zhang: Warning Notice (Cayman Islands)
Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel the director registration held by" Ling Zhang, of Beijing, China, for regulatory breaches.
Jolly Capital Ltd.: Warning Notice (Cayman Islands)
Warning Notice by the Cayman Islands Monetary Authority that it "proposes to cancel" the Securities registration of Jolly Capital Limited for regulatory breaches.
Gordon Ferguson: Director Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the "director registration" of Gordon Kenneth Ferguson, a.k.a. Gord Ferguson, for regulatory breaches.
Trevor Federkiewicz: Director Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the "director registration" of Trevor Dean Federkiewicz for regulatory breaches.
12 Peers Capital Markets Ltd.: License Cancellation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has cancelled the "Securities-Registered Person" registration of 12 Peers Capital Markets Ltd. for regulatory breaches.
Sterling Asset Management International: Withdrawal of CIMA Fines (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that, following legal action by Sterling Asset Management International, CIMA has "withdrawn" discretionary fines totallng CI$299,050 that it imposed on the firm in 2022.
CIMA: Struck or Dissolved Entities (Cayman Islands, March 2023)
Public Notice by the Cayman Islands Monetary Authority identifying entities that "have been removed from the Authority's register as they were struck off the Companies Register of the General Registry".
VQR Multistrategy Fund LP et al: Fund Cancellations (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the fund registrations of VQR Multistrategy Fund LP and VQR Multistrategy Cayman Feeder Fund Ltd.
Virgil Sigma Fund LP: Fund Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the mutual fund registration of Virgil Sigma Fund LP.
Stefan Qin: Director Cancellation (Cayman Islands)
Decision Notice by the Cayman Islands Monetary Authority that it has cancelled the director registration of Stefan He Qin.
Kevin Poole: CI$14.7K Fine
Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$14,700 has been imposed on Kevin David Poole for "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to theAuthority on behalf of a managed insurance company".
Global Core Insurance SPC: CI$78K Fine (Cayman Islands)
Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$78,150 has been imposed on Global Core Insurance SPC for regulatory breaches, including those regarding solvency.
Artex Risk Solutions (Cayman) Ltd.: CI$95K Fine
Enforcement Notice by the Cayman Islands Monetary Authority announcing that a fine of CI$95,409 has been imposed a fine of Artex Risk Solutions (Cayman) Limited for regulatory breaches, including "Knowingly or wilfully supplying false or misleading information to the Authority in relation to an application submitted to the Authority on behalf of a managed insurance company at the relevant time".
ICC Intercertus Capital (Cayman) Ltd.: CI$116K Fine
Public Notice by the Cayman Islands Monetary Authority that it as imposed a fine of CI$116,680 on ICC Intercertus Capital (Cayman) Ltd. for regulatory breaches.
Obelisk Global Fund SPC: License Cancellation
Decision Notice by the Cayman Islands Monetary Authority cancelling the mutual fund license of Obelisk Global Fund SPC.
Advanced Fund Administration (Cayman) Ltd.: License Revocation
Public Notice by the Cayman Islands Monetary Authority that it has revoked the Restricted Mutual Fund Administrator's Licence of Advanced Fund Administration (Cayman) Ltd.
Sterling Asset Management International Ltd.: CI$299K Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$299,050 on Sterling Asset Management International Limited for regulatory breaches.
Providers Re SPC: CI$16.9K Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$16,950 on Providers Re SPC for "Failure of a Class B Insurer that is established as a segregated portfolio company under Part XIV of the Companies Act (as revised) to maintain the prescribed margin of solvency in respect of each segregated portfolio".
The RDI Company Ltd.: License Revocation
Decision Notice by the Cayman Islands Monetary Authority revoking the Companies Management License of The RDI Company Ltd.
Lion Brokers Ltd.: CI$262K Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed an administrative fine of CI$261,990 on Lion Brokers Limited for regulatory breaches.
Kelly Tonkin: Disqualification
Public Notice by the Cayman Islands Monetary Authority that it has disqualified Kelly Simon Tonkin, a citizen of New Zealand.
Alpha Re Ltd.: License Revocation
Public Notice by the Cayman Islands Monetary Authority that it has revoked the insurer's license of Alpha Re Limited for regulatory breaches.
Seven Mile Securities: CI$250K Fine
Public Notice from the Cayman Islands Monetary Authority that it has imposed "discretionary administrative fines" totaling CI$250,000 on Seven Mile Securities for regulatory breaches.
Global Fidelity Bank Ltd.: License Revocation (Cayman Islands)
Public Notice by the Cayman Islands Monetary Authority that it has revoked the license of Global Fidelity Bank Ltd. and "also found Morry Rubin, George Rubin and William Walter McKibbin III not fit and proper to hold the positions of director and/or shareholder".
Binance et al: CIMA Investigation
Public Statement by the Cayman Islands Monetary Authority that "Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Islands" and that it is "currently investigating" whether "this group of companies has any activities operating in or from within the Cayman Islands which may fall within the scope of the Authority's regulatory oversight.
Intertrust Corporate Services (Cayman) Ltd.: CI$4.2M Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$4.2 million on Intertrust Corporate Services (Cayman) Limited for breaches of the Anti-Money Laundering Regulations (2020 Revision). Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Intertrust Corporate Services (Cayman) Limited were identified as Colin Mackay, Daniel Rewalt, and Elizabeth Harrington.
Port Royal Reassurance Company SPC Ltd.: License Revocation
Decision Notice by the Cayman Islands Monetary Authority revoking the license of Port Royal Reassurance Company SPC Limited. on the grounds of insolvency. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the sole director of Port Royal Reassurance Company SPC Limited was identified as Steven Fickes, who, according to CIMA's Decision Notice, resides in Bethesda, Maryland, USA. Port Royal Reassurance Company SPC is a defendant in a civil complaint filed at federal court in North Carolina in 2016 involving an allegedly fraudulent scheme, for which one of its business partners, Bradley Reifler, of New York, was criminally indicted.
Premier Assurance Group SPC Ltd.: License Revocation
Public Notice by the Cayman Islands Monetary Authority that it has revoked the license of Premier Assurance Group SPC Ltd. (in Official Liquidation).
CIMA ‘Decision Notice’: ‘Non-Compliant’ Directors
Decision Notice by the Cayman Islands Monetary Authority cancelling the registrations of 1,283 "registered directors" for being "non-compliant with the Directors Registration and Licensing Act, 2014 (as amended)".
Star Insurance Company (Cayman) Ltd.: CI$72K Fine
Public Notice by the Cayman Islands Monetary Authority that it was imposed a fine of CI$72,800 on Star Insurance Company (Cayman) Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Star Insurance Company (Cayman) Ltd. are identified as Barry Benjamin, Bohdan Petro Martiuk. and Lawrence Chastang.
Pitagora Fund Ltd. et al: Registration Terminations
Notice by the Cayman Islands Monetary Authority of the "Termination of Struck or Dissolved Entities".
Motor & General Insurance Company Ltd.: License Revocation
Public Notice by the Cayman Islands Monetary Authority that it was ended the controllership and revoked the license of the Cayman branch of Motor & General Insurance Company Limited.
CTS Captive Management (Cayman) Ltd.: License Revocation
Decision Notice by the Cayman Islands Monetary Authority to revoke the Insurance Manager's License of CTS Captive Management (Cayman), Ltd. for regulatory breaches, including insolvency. Editor's Note: The directors of CTS Captive Management (Cayman), Ltd. are identified in the Decision Notice as John Rearer and Sarah Perry. Research by OffshoreAlert found that they are also senior officers of ALIC Underwriters, which is described on its website at alicunderwriters.com as "a Managing General Underwriter and Wholesale Insurance Broker, located in Fort Lauderdale, Florida".
Western International Trust Company Ltd.: CI$482K Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$482,717 on Western International Trust Company Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Cayman Islands General Registry showed that the directors of Western International Trust Company Limited are Barry Bret Benjamin and Bohdan Petro Martiuk.
Three Lakes Insurance Company Ltd. et al: Cayman Strike-Offs
Public Notice by the Cayman Islands Monetary Authority that insurers Three Lakes Insurance Company Ltd., Scottish Annuity & Life Insurance Company (Cayman) Ltd., Northwestern Memorial Insurance Company, and Centegra Insurance Services Ltd. "failed to satisfy the Authority's termination requirements in order to surrender their licences for cancellation" and, therefore, have been "struck off the Companies Register".
CIMA ‘Warning Notice’: ‘Non-Compliant’ Directors
Warning Notice by the Cayman Islands Monetary Authority to 1,369 "registered directors" who are "non-compliant with the Directors Registration and Licensing Act, 2014 (as amended)".
Cainvest Bank and Trust Ltd.: CI$100K Fine
Public Notice by the Cayman Islands Monetary Authority that it has imposed a fine of CI$100,000 on Cainvest Bank and Trust Limited for regulatory breaches.
Premier Assurance Group SPC Ltd.: ‘Provisional Liquidation’ Announcement
Public Notice by the Cayman Islands Monetary Authority announcing that Premier Assurance Group SPC Ltd. has gone into Provisional Liquidation.