Hints and tips:
...The beneficial owner is listed as a Cypriot trust, Proteas Trustee Services Ltd....
...Many are held through offshore companies whose ultimate ownership is not declared....
...Binance US — the American arm of offshore giant Binance — abandoned its proposed $1bn acquisition of assets belonging to Voyager Digital, a crypto lender that went bankrupt last year....
...The gold miner, which has mining operations in Russia and Kazakhstan, is incorporated in Cyprus, but is owned by a holding entity that has now switched its domicile from Jersey in the UK’s Channel Islands...
...Ospreys and wedge-tailed eagles rise on high thermals above; southern right whales sometimes pass offshore....
...The SEC alleged Binance and Zhao had control of clients’ assets, which allowed funds to be merged or rerouted, with billions of dollars sent to a crypto asset trading firm incorporated in the British Virgin...
...Ahli used Gulf Asia Trade and Investment in the British Virgin Islands, and Mid East Ocean Trade & Investment in Mauritius, both incorporated in 2011....
...The company had paid £89mn to acquire the lease and was incorporated in the Cayman Islands, according to corporate filings and the Land Registry....
...Shareholdings in London-listed companies need to be disclosed only at 3 per cent of total voting rights when the issuer is UK incorporated, or at 5 per cent for offshore issuers....
...Craig Coben is a former senior investment banker at Bank of America and now a managing director at Seda Experts, an expert witness firm specialising in financial services....
...Corporate filings in Cyprus, where Hangji’s thinly traded shares are listed, show that Gupta incorporated the company in 2015 before its shares were transferred to several offshore vehicles....
...All debit transactions were made to Raja Salameh and Riad Salameh or to offshore companies, French investigating judge Aude Buresi wrote, adding that the commissions “do not correspond to any real service...
...by financial services....
...Unlike other companies incorporated in Singapore, financial statements and records of investors in VCCs are not available publicly....
...Port statistics suggest it’s been a record year for the number of oil vessels calling at the ports of Fujairah, with as many as 12,500 vessels stopping at its offshore anchorage area....
...Something similar happened on August 8 with Magic Empire Global (revenue year ending December 2021: $2.1mn), an offshore holding company incorporated in the British Virgin Islands with “no material operation...
...Cnooc (China National Offshore Oil Corporation) — the country’s biggest offshore oil and gas producer — is another example of a successful homecoming listing....
...The assets were either located in Jersey or owned by entities incorporated on the island, the statement said....
...The BBC reported this week that Moshiri has ties to several offshore trusts that own British properties connected to Usmanov....
...At its peak, the BVI had more than 700,000 companies incorporated and was especially popular in the Hong Kong market, where all offshore companies were known as “BVIs”....
...A court in the British Virgin Islands, where Nam Tai is incorporated, subsequently struck down the rights issue....
...Some of its equity investments in the energy sector, including US coal miner Contura Energy and offshore drilling services group Hornbeck, had already dropped about 90 per cent last year....
...A notable example includes use of the variable interest entity structure (VIE) with an offshore shell incorporated in jurisdictions such as the British Virgin Islands or Cayman Islands....
...generic contracts for “consulting services”....
...They have thrived within offshore private banks, the London Euromarkets and spread betting. But cryptocurrencies have the guardians of fair dealing and sound money particularly rattled....
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