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Antigua Ambassador Dario Item given bank license despite corporate ban

Antigua and Barbuda's banking regulator appears to have fast-tracked a licensing application by one of the country's diplomats - London-based Swiss lawyer Dario Item - after his bank in Labuan ran into regulatory problems and he received a corporate ban, OffshoreAlert can reveal.

Dario Item et al: Regulatory Update

Update by the Labuan Financial Services Authority regarding a lessening of previously-imposed penalties against Dario Item, a London-based, Swiss attorney who serves as Antigua and Barbuda's Ambassador to Spain, Monaco, and Liechtenstein; Andrea Mezzi, a citizen of Italy; Mauro Giacomo Silva, a citizen of Italy; Blue Investment Bank Inc., and Blue Wealth Management Ltd., including the cessation of corporation disqualifications.