Malta Financial Services Authority (MFSA)

SHOWING:

101 to 150 of 176 results
  

Sort By:

Search

Filter By:

Topics

show more show less

Jurisdictions

show more show less

Allegations

CCGM Pension Administrators Ltd.: €30K Fine

December 21, 2020
Public Notice by the Malta Financial Services Authority that it has imposed a fine of €30,000 on CCGM Pension Administrators Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that CCGM Pension Administrators Limited was incorporated in Malta on August 31st, 2016, its directors are Nicholas Calamatta, Michael Galea, Julian Mamo, and Mark Mamo, all of Malta, and its shareholders are Calamatta Cuschieri Group Plc and Gasanmamo Insurance Limited, both of Malta.

Real Exchange (REX) Ltd.: ‘No New Clients’ Order

December 18, 2020
Public Notice by the Malta Financial Services Authority that it was directed Real Exchange (REX) Limited "to cease the on-boarding of new clients with immediate effect". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Real Exchange (REX) Limited was incorporated in Malta on September 3rd, 2018, its directors are Adriano Cefai, of Malta; Viktor Kochetov, and Alexander Yelsky, both citizens of Ukraine, and its sole shareholder is K-Worldwide Group 18 Ltd., which was incorporated in Malta on September 25th, 2019, whose directors are Adriano Cefai, Viktor Kochetov, and Alexander Yelsky, and whose shareholders are Kyrrex Holding Limited, of Cyprus; Peter's Lab Spolka z Ograniczona Odpowiedzialnoscia, of Poland; RV70 Holding Limited, of England; Adriano Cefai, Darko Perovic, of Marbella, Spain; Yermek Tursunov, of Kazakhstan, and Clarissa Zammit Maempel, of Malta. According to records maintained by the Cyprus Registrar of Companies, Kyrrex Holding Limited was incorporated on October 2nd, 2018 and its directors are Viktor Kochetov and Lazarus Ioannou. According to Companies House for England and Wales, RV70 Holding Limited was incorporated on November 20th, 2014 and its sole director and controlling person is Ruggero Venturini, described as a citizen of Italy residing in Malta. On the website of Real Exchange (REX) Limited at kyrrex.com, it is stated: "Founded in June 2016, Kyrrex is a digital wallet and professional platform where traders and consumers can trade in new digital assets - cryptocurrencies, such as Bitcoin, Ethereum, Ripple, EOS, Litecoin, Cardano, NEO, Monero and many others."

Mistral Pay Ltd.: €32K Fine

October 22, 2020
Public Announcement by the Malta Financial Services Authority that it has imposed a fine of €32,400 on Mistral Pay Ltd. "and has allowed the Institution to start the process for the voluntary surrender of their licence under the Financial Institutions Act". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Mistral Pay Ltd. was incorporated in Malta on January 27th, 2014, its directors are Joseph Mary Formosa, a citizen of Malta; Conrad Micallef, a citizen of Malta, and David Axel Trincia, a citizen and resident of Italy, its previous directors include David Marinelli, who resigned effective October 28th, 2019, and its shareholders are DM Capital Ltd. and MPHOL International Limited, both of Malta. DM Capital Ltd.'s directors are David Marinelli and its shareholders are SAFI Holdings, of Malta, and David Marinelli, while MPHOL International Limited's sole director is Ivano Luigi Porretiello, of Italy, and its shareholders are Easy Network SRL, of Italy; Sofia Inaudi, a citizen of Argentina with an address in Italy; David Marinelli, and Ivano Luigi Porretiello.

Clayton Formosa et al: €25,000 Fine

October 14, 2020
Public Announcement by the Malta Financial Services Authority that it has imposed a fine of €25,000 on Clayton Formosa and Odin Professional Services and ordered Formosa "to cease the provision of any services which require prior authorisation or registration from the MFSA, including the provision of Corporate Services Provider" for regulatory breaches.

Nexia BT: License Suspension

October 14, 2020
Public Announcement by the Malta Financial Services Authority that it has suspended "the authorisation of Nexia BT to act as an approved auditor" for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Nexia BT is part of a group whose officers and directors include Brian Tonna, Manuel Castagna, and Karl Cini, all citizens of Malta.

Public Private Real Estate Fund SICAV Plc: License Revocation

October 6, 2020
Public Announcement by the Malta Financial Services Authority that it has cancelled the Collective Investment Scheme License of Public Private Real Estate Fund SICAV Plc for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Public Private Real Estate Fund SICAV Plc was incorporated on June 1st, 2007, its directors are Paolo Bruckner, a citizen of Switzerland; Jonathan de Giovanni, a citizen of Malta, and Charles Ingham, a citizen of the United Kingdom, and its shareholders are Novium AG, of Switzerland and Paolo Bruckner, while previous directors include Anthony O'Driscoll, a citizen of Ireland who resigned effective December 14th, 2016, and Mark Meyer, a resident of Switzerland who resigned effective October 30th, 2015. The Swiss Commercial Register showed that the sole director of Novium AG (in Liquidation) is Paolo Brückner, whose nationality is listed as Italian, while previous directors include Marc Stefan Dätwyler, Raul Cortes Moreno, Michael Cohen, of Switzerland; Markus Meyer, Michele Mugnai, and Werner Mathys.

BTI Management Ltd.: Cease New Business

September 24, 2020
Public Statement by the Malta Financial Services Authority that it has ordered corporate services provider BTI Management Limited to "refrain from onboarding new clients and refrain from providing existing clients with any new or additional services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that BTI Management Limited was incorporated on June 11th, 2010 and that its directors are Manuel Castagna, Karl Cini, and Brian Tonna, all citizens and residents of Malta, and its shareholders are Nexia BT Holdings Limited, of Malta, and Brian Tonna, of Malta. Previous directors include Oliver Zammit, who resigned effective May 14th, 2020, while Pierre Fiorentino was "removed" as the company's auditor effective April 9th, 2020. Nexia BT Holdings Limited was incorporated on January 27th, 2012 and its directors are Manuel Castagna, Karl Cini, and Brian Tonna and its shareholders are Nexia BT, of Malta, and Brian Tonna.

BT International Ltd.: Cease New Business

September 24, 2020
Public Statement by the Malta Financial Services Authority that it has ordered fiduciary services provider BT International Limited to "refrain from onboarding new clients and refrain from providing existing clients with any new or additional services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that BT International Limited was incorporated on January 24th, 2007 and that its directors are Manuel Castagna, Karl Cini, and Brian Tonna, all citizens and residents of Malta, and its sole shareholder is Nexia BT Holdings Limited, of Malta. Previous directors include Oliver Zammit, who resigned effective May 14th, 2020, while Pierre Fiorentino was "removed" as the company's auditor effective April 9th, 2020. Nexia BT Holdings Limited was incorporated on January 27th, 2012 and its directors are Manuel Castagna, Karl Cini, and Brian Tonna and its shareholders are Nexia BT, of Malta, and Brian Tonna.

Dennis Muscat: €150K Fine & 10-Year Ban

September 23, 2020
Public Statement by the Malta Financial Services Authority that it has imposed a fine of €150,000 and a 10-year ban on Dennis Muscat for "providing investment services without a licence on a regular and habitual basis".

Excellence Investment Umbrella SICAV Plc: License Revocation

September 17, 2020
Public Announcement by the Malta Financial Services Authority that it has revoked the Collective Investment Scheme License of Excellence Investment Umbrella SICAV Plc, "including the licence granted to its four sub-funds, namely Innovative Investment Fund; Perfectum Fund; Exclusive Gold and Precious Metals Fund; and Omega Investment Fund", for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Excellence Investment Umbrella SICAV Plc was incorporated on October 24th, 2011, its directors are Paolo Bruckner, of Switzerland; Jonathan de Giovanni, a citizen of Malta, and Charles Ingham, a citizen of the United Kingdom and resident of Malta, and its shareholders are Novium AG, of Switzerland, and Raul Cortes Moreno, a citizen of Spain. The Swiss Commercial Register showed that the sole director of Novium AG (in Liquidation) is Paolo Brückner, whose nationality is listed as Italian, while previous directors include Marc Stefan Dätwyler, Raul Cortes Moreno, Michael Cohen, of Switzerland; Markus Meyer, Michele Mugnai, and Werner Mathys.

Novium Opportunity Umbrella SICAV Plc: License Revocation

September 11, 2020
Public Statement by the Malta Financial Services Authority that it was cancelled the collective investment services license of Novium Opportunity Umbrella SICAV Plc, "including the licence granted to its six sub-funds, namely Personal Care Fund; Special Situations Fund; Vintage Watches Fund; Primatist Multi Strategy Fund; Quality Investment Fund; and Bull Bear Opportunities Fund". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Novium Opportunity Umbrella SICAV Plc was incorporated on December 27th, 2007, that its directors are Paolo Bruckner, a citizen of Switzerland; Jonathan de Giovanni, a citizen of Malta; and Charles Ingham, a citizen of the United Kingdom, and that its shareholders are Raul Cortes Moreno, a citizen of Spain, and Novium AG, of Switzerland, while previous directors include Alessandro Bartoli, a.k.a Sandro Bartoli, who resigned effective December 1st, 2017; Joseph Bortelli, who resigned effective May 25th, 2016; Mark Meyer, who resigned effective June 1st, 2015; Frank Chetcuti Dimech, Marise Muscat, and Guido Mizzi, who all resigned effective January 5th, 2015. The Swiss Commercial Register showed that the sole director of Novium AG (in Liquidation) is Paolo Brückner, whose nationality is listed as Italian, while previous directors include Marc Stefan Dätwyler, Raul Cortes Moreno, Michael Cohen, of Switzerland; Markus Meyer, Michele Mugnai, and Werner Mathys.

JD Capital Plc: Fine

September 11, 2020
Public Statement by the Malta Financial Services Authority that it has imposed a fine of €5,000 on JD Capital Plc "for failure to submit the updated List of Insiders to the MFSA within the established timeframes". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that JD Capital Plc was incorporated on August 9th, 2017, that its directors are Josef Dimech, Stephen Muscat, Stanley Portelli, and Gaetano Vella, all citizens of Malta, and its shareholders are Stanley Portelli, Josef Dimech, and JD Holdings Limited, of Malta, while previous directors include Etienne Borg Cardona, who resigned effective February 26th, 2018. JD Holdings Limited was incorporated on August 9th, 2017, its sole director is Josef Dimech, and its shareholders are Josef Dimech and Stanley Portelli, while its previous directors include Stanley Portelli and Gaetano Vella, who both resigned effective August 9th, 2017.

John Anthony Farrell: Disqualification

September 11, 2020
Public Statement by the Malta Financial Services Authority that it has disqualified John Anthony Farrell, a citizen of the United Kingdom, for not being "fit and proper".

MPM Capital Investments Ltd.: License Revocation

August 29, 2020
Public Statement by the Malta Financial Services Authority that it has revoked the investment services license of, and appointed an inspector for, MPM Capital Investments Limited. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that MPM Capital Investments Limited was incorporated in Malta on May 11th, 2009, its directors are Alexander Mangion and Melvyn Mangion, who are both citizens of Malta, and its shareholders are Capitalex Limited and Mangum Consulta Limited, both of Malta, which are owned by Alexander Mangion and Melvyn Mangion, respectively.

Alexander Mangion: Disqualification

August 29, 2020
Public Statement by the Malta Financial Services Authority that it imposed a 10-year corporate disqualification on Alexander Mangion for not being "fit and proper".

Melvyn Mangion: Disqualification

August 29, 2020
Public Statement by the Malta Financial Services Authority that it imposed a 10-year corporate disqualification on Melvyn Mangion for not being "fit and proper".

AYN Ltd.: License Revocation

August 12, 2020
Public Statement by the Malta Financial Services Authority that it has revoked the Financial Institution license of AYN Limited, described as a provider of "payment services". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that AYN Ltd. was incorporated on July 18th, 2017, its directors are Paolo Gatti and Paolo Musumeci, both citizens of Italy, and its sole shareholder is AYN Holding Ltd., of Malta. The directors of AYN Holding Ltd. are Gatti and Musumeci and its shareholder is Artio Trustees Limited.

ARQ Fiduciaries Ltd.: €15,000 Fine

August 7, 2020
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.

Corporate & Commercial FX Services Ltd.: License Revocation

August 7, 2020
Public Statement by the Malta Financial Services Authority that it has revoked the Financial Institutions license of Corporate & Commercial FX Services Limited, described as a "payment services" firm. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that the sole director of Corporate & Commercial FX Services Limited is identified as Jorge Pio Celemin Gomez, a citizen of Spain residing in Portugal, and its shareholders as Business Concept International Plc, of Malta; Jorge Pio Celemin Gomez, Josefa Malave Gonzalez, a citizen of Spain, and Benjamin Rayner Harrison, a citizen of the United Kingdom residing in Malta. Previous directors include Joseph Mary Formosa and Frank Chetcuti Dimech, both of Malta, who both resigned effective September 30th, 2018. The directors of Business Concept International Plc are identified as Adrian Sciberras, Charlene Sciberras, and William Van Buren, all of Malta, and its shareholders as Joceline Caruana, Adrian Sciberras, Daryl Azzopardi,Angela Maria Camilleri, Daryl Caruana, Anna Lee Debattista, Richard Falzon, Olga Mifsud, Christian Mizzi, Conrad Meli, Dona-Marie Rapinett, Charlene Sciberras, Marika Sciberras, William Van Buren, and Nicholas Vella, all of Malta.

Building Block Insurance Malta PCC Ltd.: Fine

July 31, 2020
Public Announcement by the Malta Financial Services Authority that is has imposed a fine of €21,100 on Building Block Insurance Malta PCC Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of Building Block Insurance Malta PCC Limited are identified as Joseph Demanuele, of Malta; Andrew Paul Mirfin, a citizen of the United Kingdom, of Leeds, England; James Portelli, of Malta, and Neil David Reynolds, a citizen of the United Kingdom, of Market Harborough, England, and the shareholders are identified as Lattice Group Holdings Limited, of Malta, and Gordon Philip Dale Rann, a citizen of the United Kingdom, of Grantham, England, while the directors of Lattice Group Holdings Limited are identified as Neil Reynolds and Jonathan Vassallo, of Malta, and the shareholders are identified as Lattice Trading Limited, of England, and Gordon Rann. In records filed with Companies House for England and Wales, Lattice Trading Limited's directors are identified as Rachel Elizabeth Duffey, Lianne Estelle Firth, and Lesley Elizabeth Ranne and its "persons with significant control" as Gordon Rann, Lesley Rann, and Lianne Estelle Tapson, who has the same date of birth and, therefore, appears to be the same person, as Lianne Firth.

GlobalCapital Life Insurance Ltd.: Fine

July 31, 2020
Public Announcement by the Malta Financial Services Authority that it has imposed a fine of €20,760 on GlobalCapital Life Insurance Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of GlobalCapital Life Limited are identified as Cristina Casingena, Paolo Catalfamo, Joseph C. Schembri, all of Malta, and Nicholas Hornby Taylor, a citizen of the United Kingdom, of Dorset, England and its shareholders are identified as GlobalCapital Holdings Limited, of Malta, and Ian Zammit, of Malta. The directors of GlobalCapital Holdings Limited are identified as Paolo Catalfamo and Joseph Schembri and its sole shareholder is identified as GlobalCapital Plc, of Malta. The directors of GlobalCapital Plc, whose shares are listed on the Malta Stock Exchange, are identified as Cinzia Catalfamo, of Italy; Paolo Catalfamo, Joseph Del Raso, of Devon, Pennsylvania, USA; Gregory Eugene McGowan, of Fort Lauderdale, Florida, USA, and Joseph Schembri.

Blaustein Ltd.: Fines & Registration Cancellation

July 29, 2020
Public Notice by the Malta Financial Services Authority that it has fined and cancelled the registration of corporate services provider Blaustein Limited for various regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malra Business Registry showed that Blaustein Limited was incorporated in Malta on November 27th, 2013 and has Vadim Yuryevich Blaustein, a citizen of the Netherlands, as its sole director and shareholder.

Vadim Blaustein: Industry Disqualification

July 29, 2020
Public Notice by the Malta Financial Services Authority that it has disqualified Vadim Blaustein, a citizen of the Netherlands, "from holding any position and accepting any new appointments" for five years after determining that he "can no longer be deemed to be fit and proper".

Advent Insurance PCC Ltd.: €21,460 Fine

July 17, 2020
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.

Grand Harbour Trustees Ltd.: €15,000 Fine

June 19, 2020
Announcement by the Malta Financial Services Authority that it has imposed a €15,000 fine on Grand Harbour Trustees Limited for several regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that the directors of Grand Harbour Trustees Limited are Rodney Lee Berger, a citizen of the United Kingdom with an address in Middlesex, England; Matthew Paris, a citizen of Malta residing in Malta, and Suzanne Wolfe Martin, a citizen of Switzerland with an address in Malta, and its shareholders are Pelican Management Limited, of Malta, and Rodney Berger. Pelican Management Limited's directors and shareholders are Rodney Berger and Corinne Hilary Berger, the latter of whom is also a citizen of the United Kingdom.

Setanta Insurance Company Ltd.: €475,192 ‘Notional Penalty’

June 2, 2020
Announcement by the Malta Financial Services Authority that it has imposed a "notional penalty" of €475,192 against Setanta Insurance Company Limited. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Setanta Insurance Company Limited was incorporated on June 21st, 2007 and went into liquidation on April 30th, 2014, with its net liabilities estimated at €63.5 million in the most recent statement by liquidator Paul Mercieca, dated March 2nd, 2020. Its directors are listed in corporate filings as Hugh Attard Montalto, of Malta; Martin Azzopardi, of Malta, and Peter Melling, of Ireland, and its shareholders as Setanta Holdings Limited, of Malta, and Ganado Trustees & Fiduciaries Limited, of Malta. Setanta Holdings Limited was incorporated in Malta on May 31st, 2007 and has not had any directors since Hugh Attard Montalto, Martin Azzopardi, and Evander Borg, all of Malta, resigned on August 1st, 2014. The company's shareholders are identified in corporate filings as Corporate Services Limited, of Malta, on behalf of "beneficial owner", and John V. Flood Ltd., of Ireland, both holding "Promoter Class" shares, and Ocorian Corporate Services (Malta) Limited, of Malta; SNSTRY Limited, of Ireland, and Irish citizens Charles Bourke, Deirdre Bourke, James Byrne, Tommy Conway, Concepta Doyle, James Doyle, John Flood, Margaret Flood, David Garahy, Ann-Marie Murphy, Matilda O'Farrell, John Burke O'Leary, and Myles Roban. The company's status is listed as "inactive" in the Malta Business Registry.

Brightwell Portfolio Fund SICAV Plc: License Cancellation

May 19, 2020
Public Notice by the Malta Financial Services Authority that it has cancelled the Collective Investment Scheme Licence of Brightwell Portfolio Fund SICAV Plc, a license that was suspended, on regulatory grounds nearly six years ago, on July 15th, 2014, "following the resignation of key officials and service providers". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Brightwell Portfolio Fund SICAV Plc has not had any directors or a secretary since they resigned in May, 2014. The company was originally incorporated in the British Virgin Islands on May 18th, 2006 as Brightwell Portfolio Fund Ltd. and continued to Malta on May 10th, 2011, changing its name at the same time. In its most recent annual return, dated May 10th, 2013, the company's shareholders were identified as Paolo Faldini, a citizen of Italy residing in Monaco, and Conseulo Nardon, a citizen of Italy with addresses in the Netherlands and Luxembourg; its directors as Faldini, Nardon, and Stephen Muscat, of Malta, and its Secretary as Valetta Fund Services Limited. Faldini committed suicide on his luxury yacht - apparently bought with investors' funds - in Monte Carlo on December 31st, 2013, shortly after which Nardon, Muscat, and Valetta Fund Services all resigned their positions and the company's auditor, KPMG (Malta), represented by partner Ray Azzopardi, withdrew its audit opinions for 2011 and 2012 due to "fraudulent misrepresentations", evidently by Faldini, regarding the company and its subsidiaries, Beaumont Cash Management Limited, Beaumont Systematic Trading Limited, Beaumont Discretionary Trading Limited, Beaumont Equity Trading Limited, and Beaumont Homeland Security Limited. Brightwell Portfolio Fund's professional services providers included Princes Gate Investment Management Ltd., of the BVI, as Investment Manager; Arcari Fund Solutions BV, of the Netherlands, as Administrator; Credit Suisse, of Switzerland, as Custodian, and Ganado & Associates, Advocates, of Malta, as Legal Adviser. In the BVI, the company's directors were Curado Trust (Tortola) Limited, represented by Yuck Leen Sprock-Chang and Mavis Reed-Castro, and GM General Management Limited, represented by Mario Bottiroli, c/o Trust Company Complex, in the Marshall Islands, with Harneys Corporate Services Ltd., represented by Kimberly Crabbe-Adams, serving as registered agent. Corporate records show that the company authorized the following lawyers to obtain its Collective Investment Scheme license in Malta: James Farrugia, Andre Zerafa, Henry Saydon, and Stephanie Micallef, now known as Stephanie Farrugia, all of Ganado & Associates.

RES Malta Ltd.: Ban On Accepting New Clients

May 11, 2020
Announcement by the Malta Financial Services Authority of action against RES Malta Limited. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of RES Malta Limited are identified as Karl Schranz and Mariella Baldacchino, both citizens of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

SOLV International Ltd.: Ban On Accepting New Clients

May 11, 2020
Announcement by the Malta Financial Services Authority of action against SOLV International Ltd. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole director of SOLV International Ltd. is identified as Karl Schranz, a citizen of Malta, and the sole shareholder as E & S Group Limited, which itself has Karl Schranz and Christian Ellul, also a citizen of Malta, as directors and shareholders.

Christian Ellul: Disqualification

May 8, 2020
Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Christian Ellul for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Karl Schranz: Disqualification

May 8, 2020
Announcement by the Malta Financial Services Authority that it has imposed a five-year disqualification on Karl Schranz for his "lack of honesty and integrity" regarding corporate services providers RES Malta Ltd. and SOLV International Ltd.

Artex Risk Solutions (Malta) Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €25,700 against Artex Risk Solutions (Malta) Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Artex Risk Solutions (Malta) Limited identifies its directors as Evander Borg, of Malta; Stuart Ciappara, of Malta; Nicholas Peter Heys, of Guernsey, and Martin Thomas Le Pelley, of Guernsey; its shareholders as Artex Risk Solutions (Guernsey) Limited and Artex Risk Solutions (Holdings) Limited, both of Guernsey, and its auditor as Ernst & Young Malta Limited.

Osprey Insurance Brokers Co. Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €29,675 against Osprey Insurance Brokers Co. Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Osprey Insurance Brokers Co. Limited identifies its directors as Martin Azzopardi, Suzanne Marie Chambers, Stuart Ciappara, all of Malta, and Martin Thomas Le Pelley, of Guernsey; its sole shareholder as Artex Holdings (Malta) Limited, and its auditor as Ernst & Young Malta Limited.

Risk Insurance Brokers Ltd.: Fine

May 7, 2020
Announcement by the Malta Financial Services Authority that it has imposed a fine of €32,175 against Risk Insurance Brokers Limited for failure "to submit the audited financial statements within the regulatory deadline". Editor's Note: Research by OffshoreAlert showed that, in filings with the Malta Business Registry, Risk Insurance Brokers Limited identifies its directors as Mario Ellul, and Dorothy Sciortino, both of Malta; its sole shareholder as Dorothy Sciortino, and its auditor as CA Falzon, of Malta.

MPM Capital Investments Ltd.: Directives

April 11, 2020
Announcement by the Malta Financial Services Authority that it has imposed directives against MPM Capital Investments Limited, including that the company must "submit a complete list of MPM's clients as at 31 January 2020". Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the directors of MPM Capital Investments Limited are identified as Alexander Mangion and Melvyn Mangion, who are both Maltese, and its shareholders as Capitalex Limited, which is owned by Alexander Mangion, and Consulta Limited, which is owned by Melvyn Mangion. The company was incorporated on May 11th, 2009, has Keith Massa as its auditor, and maintains a website at www.mpmci.net.

deVere & Partners Holding Ltd.: €23,000 Fine

March 30, 2020
Announcement by the Malta Financial Services Authority that it has imposed an administrative penalty of €23,000 against deVere & Partners Holding Limited for providing "insurance distribution activities" without a license.

AIS Capital Management Investment Fund SICAV Plc: License Cancellation

March 23, 2020
Announcement by the Malta Financial Services Authority that it has cancelled the collective investment scheme license of AIS Capital Management Investment Fund SICAV Plc. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the company's directors are identified as Paul Simon Chandler, a citizen of the United Kingdom, and Richard Thomson Wight, a dual citizen of the United States and Malta, while previous directors were Timothy Andrew Sharman, a citizen of the United Kingdom; Noel Vella, and Benjamin Muscat, both of Malta.

Altarius Asset Management Ltd. et al: Reprimand

February 27, 2020
Announcement by the Malta Financial Services Authority that it has reprimanded Altarius Asset Management Limited and its directors "at the time of the deficiencies identified by the Authority", Heinz Daxl, a citizen of Austria; Pierre Maliczak, a citizen of France, and Peter Mitterlehner, a citizen of Austria.

Hollingsworth International Financial Services Ltd. et al: Penalties

February 18, 2020
Announcement by the Malta Financial Services Authority regarding penalties against Hollingsworth International Financial Services Limited and Mark Hollingsworth. Editor's Note: Research by OffshoreAlert showed that, in the Malta Business Registry, the sole shareholder of Hollingsworth International Financial Services Limited was identified as Dominion Fiduciary Trust Limited, of Jersey, in the Channel Islands, on behalf of the Ultimate Beneficial Owner, Mark Hollingsworth, 51, a citizen of the United Kingdom.

Adrian Pace: Fine

November 22, 2019
Public Notice by the Malta Financial Financial Services Authority regarding an administrative penalty against Adrian Pace.

John Mifsud: Reprimand

November 22, 2019
Public Notice by the Malta Financial Financial Services Authority regarding a reprimand against John Mifsud.

E&S Consultancy Ltd.: Cancellation of Registration

November 18, 2019
Public Notice by the Malta Financial Services Authority that it has cancelled the registration of E&S Consultancy Limited, a corporate services provider whose directors are Christian Ellul, Karl Schranz, and Mariella Baldacchino.

St. Publius Malta Ltd.: Warning

June 10, 2019
Warning by the Malta Financial Services Authority regarding St. Publius Malta Limited, whose shareholders are Peter Knappertsbusch, of the United Kingdom, and Alberto Giuseppe Valmori, of Malta.