Myron Gushlak and Bluewater Partners Not Regulated by CIMA

The Cayman Islands Monetary Authority (CIMA) hereby advises the public that Mr. Myron Gushlak, who has been reported in the media as having been convicted in New York, USA, on charges of conspiracy to commit fraud and money laundering, is not licensed by CIMA to conduct any CIMA-regulated financial activity in or from the Cayman Islands.

Furthermore, the entity Bluewater Partners, reported in the media as a Cayman Islands merchant bank having Mr. Gushlak as its managing director, is not a CIMA-licensed entity.