Gibraltar Financial Services Commission

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CLTS Technologies (Gibraltar) Ltd.: License Revocation (Gibraltar)

December 18, 2024
Public Notice by the Gibraltar Financial Services Commission that it has revoked the license of CLTS Technologies (Gibraltar) Limited, which had been registered with the regulator as "a Virtual Asset Arrangement Provider", for "contraventions of the Proceeds of Crime Act 2015".

QuickBit Ltd.: License Revocation (Gibraltar)

January 3, 2024
Public Statement by the Gibraltar Financial Services Commission that it has cancelled the registration of QuickBit Limited, which had been licensed as "a Virtual Asset Arrangement Provider", for regulatory breaches.

Tourbillon Ltd.: Public Warning (Gibraltar)

February 24, 2022
Public Warning by the Gibraltar Financial Services Commission that a former licensee, Tourbillon Limited. "continues to inaccurately state that it is authorised by the GFSC to provide Investment Advisor, Pensions Advisor and Life Insurance Intermediary services. This is no longer the case."

Centurion Administration Ltd.: £52K Settlement

September 17, 2021
Public Notice announcing that Centurion Administration Limited has agreed to pay £52,500 to settle a regulatory investigation by the Gibraltar Financial Services Commission.

IDT Financial Services Ltd.: £298K Settlement

July 22, 2021
Public Notice by the Gibraltar Financial Services Commission that IDT Financial Services Limited has agreed to pay £298,387 to settle a regulatory investigation. Editor's Note: Research by OffshoreAlert at Gibraltar's Companies House showed that the directors of IDT Financial Services Limited, as disclosed in its 2021 annual return, were Timothy Streatfeild-James, a citizen of the United Kingdom residing in Gibraltar; James Robert Raanan, a citizen and resident of Israel; Marcelo Fischer, a citizen and resident of the United States; Damian Asquez, a citizen of the United Kingdom residing in Gibraltar, and Gareth Meredith Williams, a citizen of the United Kingdom residing in Gibraltar.

Nicholas Cruz: Regulatory Settlement Agreement

July 13, 2021
News Release by the Gibraltar Financial Services Commission announcing it has entered into a "Regulatory Settlement Agreement" with Nicholas Cruz, who was a non-executive director of Enterprise Insurance Company Plc. "The GFSC has not made any adverse findings in relation to Mr Cruz's integrity," stated the regulator.

Nicholas Cruz & Gibraltar FSC: Joint Statement on Defamation Claim

July 13, 2021
Joint Statement by the Gibraltar Financial Services Commission and Nicholas Cruz regarding a defamation claim by Cruz against the GFSC regarding the regulator's news release on October 26th, 2016 regarding Enterprise Insurance Company Plc, of which Cruz was a non-executive director.

Novasigma Limited: Unlicensed Activity

February 25, 2021
Public Warning by the Gibraltar Financial Services Commission that Novasigma Limited "appears to be purporting to offer company management services in Gibraltar" without a license. Editor's Note: Research by OffshoreAlert at Companies House Gibraltar showed that Novasigma Limited was incorporated in Gibraltar on May 21st, 2015 and, in its most recent annual return dated May 4th, 2018, the company's sole director was identified as Jussi Olavi Hallikas, described as a Finnish "tax advisor" residing in Tbilisi, Georgia, and its sole shareholder as Novasigma Limited, of the Seychelles. The company's website at www.novasigma.com is no longer operational. In his LinkedIn profile, Hallikas is currently described as "Managing Director" of "Fidelcrest", a company purportedly domiciled in Hungary that offers "forex trading" products and services at www.fidelcrest.com.

Elite Insurance Company Ltd.: Administration

December 11, 2019
Public Statement by the Gibraltar Financial Services Commission announcing that Elite Insurance Company Limited has been found to be "insolvent" and was "placed into Administration on 11 December 2019".