Malta

Em@ney Plc: €2K Fine (Malta)

July 2, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €2,000 on Em@ney Plc for failure "to submit the Audited Financial Statements and the Auditors' Management Letter within the regulatory deadline".

Roberta Borg: €58K Fine

June 24, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €58,238 on Dr. Roberta Borg for regulatory breaches.

Ferratum Bank Plc: €3.75K Fine

June 23, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €3,750 on Ferratum Bank Plc for failure "to submit the Auditors' Management Letter within the regulatory deadline".

YAPI Kredi Bank Malta Ltd.: €5K Fine

June 23, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €5,000 on YAPI Kredi Bank Malta Limited for failure "to submit the Auditors' Management Letter within the regulatory deadline". Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that YAPI Kredi Bank Malta Limited was incorporated in Malta on March 13th, 2014, its directors are Özlem Mertoglu, a citizen and resident of the Netherlands, and Aldo Minuti, of Malta, its former directors include Erhan Adali, a citizen and resident of Turkey, who resigned effective June 1st, 2021, and its shareholders are Koç Finansal Hizmetler A.Ş., of Turkey, and YAPI Kredi Holding B.V., a Dutch company whose directors, according to the Netherlands Chamber of Commerce, are Semih Ulugöl and Gökhan Erün.

NBG Bank Malta Ltd.: €3.75K Fine

June 23, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of ‹3,750 on NBG Bank Malta Limited for failure "to submit the Auditors' Management Letter within the regulatory deadline". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that NBG Bank Malta Limited was incorporated in Malta on April 12th, 2005, its directors are Georgios Agioutantis, a citizen of Greece residing in Malta; Anastasios Lizos, a citizen and resident of Greece; Dorothy Kim Vella, a citizen and resident of Malta; and Thomas Zampopoulos, a citizen and resident of Greece, and its shareholders are National Bank of Greece S.A. and NBG (Malta) Holdings Ltd., a Maltese company whose directors are Georgios Agioutantis, Anastasios Lizos, and George Grigoropoulos, a citizen and resident of Greece, and whose shareholders are National Bank of Greece S.A. and NBG International Holdings B.V., of the Netherlands.

FCM Bank Ltd.: €5K Fine

June 23, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €5,000 on FCM Bank Limited for failure"t submit the Auditors' Management Letter within the regulatory deadline". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that FCM Bank Limited was incorporated in Malta on July 30th, 2010, its directors are Michael Borg Costanzi, a citizen and resident of Malta; Lino Casapinta, a citizen and resident of Malta; Petr Cumba, a citizen and resident of the Czech Republic; Martin Farsky, a citizen and resident of Slovakia; Ondrej Korecky, a citizen and resident of the Czech Republic, and John Soler, a citizen and resident of Malta, and its shareholders are Dusan Benda, a citizen and resident of Slovakia; SAB Finance A.S., of the Czech Republic, and SAB Europe Holding Ltd., a Maltese company whose directors are Dusan Benda and Petr Cumba and whose sole shareholder is SAB Finance A.S.

Lombard Bank Malta Plc: €5K Fine

June 23, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €5,000 on Lombard Bank Malta Plc for failure "to submit the Auditors' Management Letter within the regulatory deadline".

Truevo Payments Ltd.: €443K Fine

June 4, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €443,670 on Truevo Payments Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that Truevo Payments Limited was incorporated in Malta on November 20th, 2013, its directors are Martin Azzopardi, Frank Xavier Caruana, Ivan Fsadni, and John Pollacco, all of Malta, and its shareholders are William Liu, of China, and Truevo Holdings Ltd., which was incorporated in Malta on July 27th, 2015, whose directors are John Pollacco and David Liu, of Malta, and whose shareholders are John Pollacco and Dalamear Investments Ltd., which was incorporated in the Isle of Man on June 12th, 2008, and whose directors are Sovereign Managers Limited and Sovereign Directors Ltd., both of the Isle of Man, represented by John Philip Dentith.

MoonPay Ltd.: ‘No New Business’ Directive

May 26, 2021

Public Notice by the Malta Financial Services Authority that it has ordered MoonPay Ltd., which holds a "Class 2 Virtual Financial Assets Licence", to "cease the on-boarding of new clients with immediate effect". Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that MoonPay Ltd. was incorporated in Malta on September 27th, 2018, its directors are Maximillian Crown, a citizen of the United Kingdom with an address in London, England; Ivan Soto-Wright, a citizen of the United States with an address in London, England, and Theodora Vardi, a citizen of Greece with an address in New York, USA, and its shareholder is Hodl Ventures Limited, which was incorporated in Malta on September 25th, 2018 and whose directors are Maximilian Crown and Ivan Soto-Wright, and whose sole shareholder is MoonPay Inc., of Delaware, USA.

Merkanti Bank Ltd.: €259K Fine

May 14, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €259,927 on Merkanti Bank Limited, formerly MFC Merchant Bank Limited, for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Merkanti Bank Limited was incorporated on June 17th 2003, its directors are Christian Farrugia, a citizen of Malta; Friedrich Hondl, a citizen of Austria; Otto Karasek, a citizen of Austria; Samuel Morrow, a citizen of the United States, and George Portanier, a citizen of Malta, and its shareholders are Merkanti Holding Plc, of Malta, and Scully Royalty Ltd., of the Cayman Islands. Merkanti Holding Plc was incorporated on May 28th, 2015, its directors are Mario P. Galea, a citizen of Malta; Samuel Morrow, Benjamin Muscat, a citizen of Malta; Silke Stenger, a citizen of Germany, and Martin Ware, a citizen of the United Kingdom, and its shareholders are Merchants Employees Incentive Corp., of the Marshall Islands; Scully Royalty Ltd., and MFC 2017 II Ltd., of the Cayman Islands. The Cayman Islands General Registry showed that Scully Royalty Ltd.'s directors are Dr. Shuming Zhao, Friedrich Hondl, Indrajit Chatterjee, Jochen Dümler, Michael J. Smith, and Silke S. Stenger. There was no record of any company with the name MFC 2017 II Ltd. when OffshoreAlert searched the Cayman companies register.

Em@ney Plc: €359K Fine (Malta)

April 29, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit imposing a fine of €359,339 on Em@ney Plc, described as a "financial institution", for regulatory breaches. Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Em@ney Plc was incorporated in Malta on June 14th, 2012, its directors are Germano Arno, a citizen of Italy, and Konstantin Balassopulos, a citizen of Austria, former directors include Nicola Mattocks, who resigned effective October 22nd, 2020, and its shareholders are Malta-domiciled Absolute Holding Limited, whose sole director is Francesco Malandrino, a citizen of Italy, and whose shareholder is Trident Trust Company (Malta) Limited, and Malta-domiciled Tyke Holding Limited, whose sole director is Germano Arno and whose shareholder is Trident Trust Company (Malta) Limited.

Tumas Gaming Ltd.: €233K Fine

April 27, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €233,156 on Tumas Gaming Limited, described as a "Land Based Casino", for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Tumas Gaming Limited was incorporated in Malta on March 24th, 1998, its directors are Emmanuel Fenech, Raymond Fenech, and Ray Sladden, all of Malta, its former directors include Yorgen Fenech, who resigned effective November 12th, 2019, and its shareholders are Tumas Group Company Limited and Tumas Group Management Company Limited, both of Malta. Tumas Group Company Limited's directors are Emmanuel Fenech, Franco Fenech, and Raymond Fenech and its shareholders are Yorgen Fenech, TGI Limited, of Malta; Anna Fenech, Carmen Fenech, Franco Fenech, Josephine Fenech, Moira Fenech, Patricia Fenech, and Raymond Fenech, and Tumas Group Management Company Limited's directors are Emmanuel Fenech and Raymond Fenech and its shareholders are Spinola Investments Ltd. and Tumas Group Company Limited, both of Malta.

Zenith Finance Ltd.: Administration

April 26, 2021

Public Notice by the Malta Financial Services Authority that an administrator has been appointed for Zenith Finance Limited. Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Zenith Finance Limited, formerly known as MFSP Financial Management Limited, was incorporated in Malta on November 2nd, 2007, its directors are Lorraine Falzon and William Charles Van Buren, both citizens of Malta; its former directors include Matthew Pace, a citizen of Malta, who resigned effective March 8th, 2021, and André Micallef, who resigned effective August 24th, 2017, its shareholders are Matthew Pace and Lorraine Falzon, and its auditor, Nexia BT, resigned effective November 16th, 2020.

Money + Card Payment Institution Ltd.: €404K Fine

April 20, 2021

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €403,947 on Money + Card Payment Institution Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Money + Card Payment Institution Limited was incorporated in Malta on July 27th, 2015, went into liquidation on June 13th, 2019, has no current directors, its former directors include Zoltan Bota, who resigned effective May 11th, 2019; Terry Galea, of Malta, who resigned effective May 14th, 2019; Franco Falzan, of Malta, who resigned effective May 9th, 2019, and Dmitrij Kozelkin, of Hungary, who resigned effective August 9th, 2018, and its shareholders are Viktor Hujber, a citizen and resident of Hungary, and Prifolio Holding Limited, which was incorporated in Malta on September 16th, 2010, whose sole director is Otto Hujber, and whose shareholders are Otto Hujber and Viktor Hujber,

MC Trustees (Malta) Ltd.: €160K Fine

April 16, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €160,000 on MC Trustees (Malta) Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that MC Trustees (Malta) Limited was incorporated in Malta on December 11th, 2009, its directors are Noel Buttigieg Scicluna, of Malta; William Daniel Dane, a citizen of the United Kingdom residing in Portugal, and Edward Thorpe, a citizen of the United Kingdom residing in Malta; its former directors include Martin Cadman, a citizen of the United Kingdom who resigned effective December 24th, 2019, and its shareholders are Christine Rhoda Grace Dane, a citizen of the United Kingdom residing in Portugal; William Dane, and MC Holdings (Malta) Limited, a Maltese company incorporated on March 14th, 2011 whose sole director is Martin Cadman and whose shareholders are Martin Cadman and Basi & Basi Financial Planning Limited, a British firm whose sole director is Michael Sudagar Basi, a citizen of the United Kingdom, and whose "persons with significant control" are Basi and Brite Advisory Group Limited, of Hong Kong.

Meridian Gaming Ltd.: €89K Fine

April 13, 2021

Public Notice by Malta's Financial Intelligence Analysis Unit that it has imposed a fine of €88,937 fine on Meridian Gaming Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Meridian Gaming Limited was incorporated in Malta on May 9th, 2007, its sole director is Zoran Milosevic, of Serbia, previous directors include Anthony Axisa, who resigned effective September 15th, 2020, and Andjelina Rajacic, who resigned effective March 13th, 2019, and its shareholders are Aleksandr Milovanovic, of Serbia, and Meridian Gaming Holdings Ltd., the latter of which was incorporated in Malta on May 16th, 2016 and whose directors are Zoran Milosevic and Snezana Bozovic, of Serbia, and shareholders are Meridian Tech d.o.o., of Serbia; Zoran Milosevic, Snezana Bozovic, and Aleksandr Milovanovic.

Zenith Finance Ltd.: Directives

March 26, 2021

Public Notice by the Malta Financial Services Authority that it has imposed directives on Zenith Finance Limited, including an order that it must accept no new clients, and appointed Stephen Paris as its manager due to regulatory breaches. Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Zenith Finance Limited, formerly known as MFSP Financial Management Limited, was incorporated in Malta on November 2nd, 2007, its directors are Lorraine Falzon and William Charles Van Buren, both citizens of Malta; its former directors include Matthew Pace, a citizen of Malta, who resigned effective March 8th, 2021, and Andre Micallef, who resigned effective August 24th, 2017, its shareholders are Matthew Pace and Lorraine Falzon, and its auditor, Nexia BT, resigned effective November 16th, 2020.

Zenith (Tied Insurance Intermediary) Ltd.: Directives

March 26, 2021

Public Notice by the Malta Financial Services Authority that it has imposed directives on Zenith (Tied Insurance Intermediary) Limited, including an order that it must accept no new clients, and appointed Stephen Paris as its manager due to regulatory breaches. Editor's Note: Research by OffshoreAlert at the Malta Business Registry showed that Zenith (Tied Insurance Intermediary) Limited was incorporated in Malta on August 6th, 2018, its directors are Lorraine Falzon and Albert Grech, both citizens of Malta; a former director is Matthew Pace, a citizen of Malta, who resigned effective March 8th, 2021, and its shareholders are Matthew Pace and Lorraine Falzon, and its auditor, Nexia BT, resigned effective November 16th, 2020.

Zenith Finance Ltd. et al: Public Notice

March 26, 2021

Public Notice by the Malta Financial Services Authority that it has taken action against Zenith Finance Limited and Zenith (Tied Insurance Intermediary) Limited.

Axeria Re Ltd.: €23K Fine

March 12, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €23,000 on Axeria Re Limited for a regulatory breach. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Axeria Re Limited was incorporated in Malta on December 28th, 2007, recently changed its name to Axeria Limited, its directors are Andre Gabriel Arrago, a citizen of Germany; Jahide Assim Rajpar, Emmanuel Henri Maillet, both citizens of France, and Rosanne Tanti, of Malta, previous directors include Brian Borg, who resigned effective March 21st, 2020, and Ray Schembri, who resigned effective January 31st, 2019, and its shareholders are April Mediterranean Limited, of Malta, and April Group SA, of France.

Phoenix Payments Ltd.: €32K Fine

March 12, 2021

Public Notice by the Malta Financial Services Authority that it has imposed a fine of €32,400 on Phoenix Payments Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Phoenix Payments Ltd. was incorporated in Malta on November 21st, 2016, its directors are Francesc Xavier Alabart Lopez, a citizen of Spain; Keith Farrugia, a citizen of Malta, and Marco Lavanna, a citizen of Italy residing in Switzerland, previous directors include Alexander Vella, who resigned effective May 8th, 2020, Ivan Fsandi, John Pollacco, who both resigned effective December 1st, 2019, and Dmitrij Kozelkin, who resigned effective September 2nd, 2019, and its shareholders are Fenice Holding SA, of Switzerland, and Marco Lavanna.

Phoenix Payments Ltd.: Inspector Appointment

March 12, 2021

Public Notice by the Malta Financial Services Authority that it has appointed an Inspector "investigate and report on the affairs of" Phoenix Payments Limited. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Phoenix Payments Ltd. was incorporated in Malta on November 21st, 2016, its directors are Francesc Xavier Alabart Lopez, a citizen of Spain; Keith Farrugia, a citizen of Malta, and Marco Lavanna, a citizen of Italy residing in Switzerland, its previous directors include Alexander Vella, who resigned effective May 8th, 2020, Ivan Fsandi, John Pollacco, who both resigned effective December 1st, 2019, and Dmitrij Kozelkin, who resigned effective September 2nd, 2019, and its shareholders are Fenice Holding SA, of Switzerland, and Marco Lavanna.

OKCoin Europe Ltd.: ‘No New Business’ Directive

March 8, 2021

Public Notice by the Malta Financial Services Authority that it has issued a Directive against "virtual financial assets" firm OKCoin Europe Ltd. to "cease the on-boarding of new clients with immediate effect".

Satabank Plc: €851K Fine

December 23, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it imposed a fine of €3.7 million on Satabank Plc for regulatory breaches, which was reduced to €851,792 by the Court of Appeal. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Satabank Plc was incorporated in Malta on October 7th, 2014 and its shareholders are Signia Holding Ltd., of Malta, and Christo Georgiev Georgiev, a citizen of Bulgaria with an address in Zurich, Switzerland. No directors are listed. Previous directors include Christo Georgiev Georgiev, who resigned effective October 11th, 2018; Anthony Paris, who resigned effective October 12th, 2018; Christoph Boeckle, who resigned effective October 21st, 2018; Mario Gauci, who resigned effective October 30th, 2018; Herbert Weininger, a citizen of Germany, who resigned effective October 21st, 2018, and Susanne Lehmann, who resigned effective April 8th, 2015. Signia Holding Ltd. was incorporated in Malta on December 5th, 2013, its directors are Eugene M. Alexander, a citizen of the United States with an address in Marathon, Florida, USA, and Christo Georgiev Georgiev, and its shareholders are E E Capital Limited, of Jersey, in the Channel Islands; Net-M Privatbank 1891 AG, of Germany; Signia Group AG, of Zurich, Switzerland, and Eugene Alexander.

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."

Insignia Cards Ltd.: €373K Fine

December 3, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €373.670 on Insignia Cards Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Insignia Cards Limited was incorporated on November 17th, 2011, its sole director is George Kesidy, a citizen of the United Kingdom, with an address in London, England; previous directors include Joseph Zammit Tabona and Charles Rapa, citizens of Malta who both resigned effective July 31st, 2020, and its shareholders are George Kesidy and Insignia Malta Holding Limited, which was incorporated in Malta on November 17th, 2011, whose directors are George Kesidy and Nada Tucakov, a citizen of Serbia with an address in London, England, and whose shareholders are George Kesidy and Insignia International Limited, which, according to the Cyprus Registrar of Companies, was incorporated in Cyprus on November 11th, 2011 and whose sole director is Irodotos Kasapis. The Malta Business Registry shows that PricewaterhouseCoopers resigned as auditor of Insignia Cards Limited effective October 28th, 2020.

Credence Fiduciary Ltd.: €118K Fine

November 23, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €118,365 on Credence Fiduciary Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Credence Fiduciary Limited was incorporated on February 6th, 2008, its directors are Andrew Cefai, Clayton Fenech, Adrian Muscat Azzopardi, James Muscat Azzopardi, and Ivan Vella, all of Malta, and its sole shareholder is Credence Holdings Limited, which was formed on October 31st, 2018, which has the same five directors and whose shareholders are Andrew Cefai, Adrian Azzopardi, James Azzopardi, and Ivan Vella.

Credence Corporate and Advisory Services Ltd.: €143K Fine

November 23, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €143,119 on Credence Corporate and Advisory Services Limited for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed that Credence Corporate and Advisory Services Limited was incorporated on December 7th, 2006, its directors are Clayton Fenech, James Muscat Azzopardi, and Ivan Vella, all of Malta, and its sole shareholder is Credence Holdings Limited, which was formed on October 31st, 2018, which has the same five directors and whose shareholders are Andrew Cefai, Adrian Azzopardi, James Azzopardi, and Ivan Vella.

Amicorp Malta Ltd.: €57K Fine

November 5, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €57,845 on Amicorp Malta Limited for regulatory breaches.

Lombard Bank Malta Plc: €340K Fine

October 30, 2020

Publication Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €340,058 on Lombard Bank Malta Plc for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Malta Business Registry showed the the directors of Lombard Bank Malta Plc are identified as Michael Bonello, Graham Fairclough, Joseph Said, Michael Zammit, all citizens of Malta, and Kimon Palamidis, a citizen of Greece.

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.

MPM Capital Investments Ltd.: €1M Fine & Appeal

October 2, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €1,183,887 on MPM Capital Investments Ltd. for regulatory breaches and that its decision has been appealed.

Vivaro Ltd.: €733K Fine & Appeal

October 2, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €733,160 on Vivaro Ltd., described as a "Remote Gaming Operator", for regulatory breaches and that its decision has been appealed.

Chris Baldacchino & Associates: €58K Fine

September 25, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €58,952 on Chris Baldacchino & Associates, described as an "Auditor/Accountant/Corporate Service Provider", for regulatory breaches.

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.

Playbay Malta Ltd.: €58K Fine

September 16, 2020

Public Notice by the Malta Financial Intelligence Analysis Unit that it has imposed a fine of €58,757 on Playbay Malta Ltd., described as a "Remote Gaming Supervisor", for regulatory breaches.

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.