ARQ Fiduciaries Limited

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.

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.

In a series of regulatory actions announced on Friday, the Malta Financial Services Authority cancelled the licenses of three investment firms and imposed fines on a retirement scheme and its administrator.