Kenneth Rijock

Kenneth Rijock

Saturday, December 1, 2018

BVI CORP USED BY DEUTSCHE BANK IDENTIFIED


While the fact that German police conducted a search of Deutsche Bank headquarters for a second day was the main story, one item important to compliance officers did surface. The name of the British Virgin Islands corporation DB employed for its clients is Regula Limited. It was listed as a wholly-owned subsidiary of Deutsche Bank, but strangely classified as "other enterprise" on the Annual Report. It was reportedly sold off in March, 2018.

 Regula Ltd. appears to have been used as a corporate director for a number of BVI and Cayman Islands corporations which were obviously formed for DB clients. All these corporations were formed between 2000 and 2010, according to ICIJ records.

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