The United States has applied to seize US$1.03 million that was held in an account at Forex Capital Markets LLC in the name of Cayman company Maydaisy Corporation, which was  allegedly involved in money laundering.

News service Offshore Alert identified Ingrid Loiten, a Jamaican national, as the only director of the company, based on a search of the records of the Cayman Islands Companies Registry.

In 2008, the Maydaisy account attracted the suspicion of a US regulator which alerted the Drug Enforcement Administration’s (DEA) Financial Investigation Team, the forfeiture complaint filed by the attorney general for the Southern District of New York said.

In a June 2008 complaint against I-Trade FX LLC, the National Futures Association said an account in the name of Maydaisy was suspicious because during the account-opening process in August 2006, Loiten had stated her annual income was between $25,000 and $50,000 but she made deposits totalling $1.7 million alone between December 2006 and March 2007.

Changes to her wire activity were also unexplained and unusual, the NFA said, as they ranged from initially $500 to $100,000, several times a month.

Other suspicious accounts at I-Trade FX named in the complaint belonged to Jamaican David Smith and his companies Olint Corporation and TCI FX Traders.

In 2009, I-Trade FX was fined $250,000 for money-laundering failings before it was wound up.

According to the forfeiture complaint, DEA investigators learned that in March 2008 the…

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