---
title: "EMD ADVISORY SERVICES LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/0fb2b545-cf89-57b4-a498-06fa931f6a08
json: https://whiteintel.dev/api/public/dossier/0fb2b545-cf89-57b4-a498-06fa931f6a08
identifier: icij:icijol-55019696
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# EMD ADVISORY SERVICES LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55019696`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/0fb2b545-cf89-57b4-a498-06fa931f6a08  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/0fb2b545-cf89-57b4-a498-06fa931f6a08  

## Cross-source identity

The same real-world entity, resolved across sources:

- **EMD ADVISORY SERVICES LIMITED** — ICIJ Offshore Leaks · `icij:icijol-56079975` — https://whiteintel.dev/entity/6028ab10-2213-5f3e-8aec-074ad2e4af45
- **EMD ADVISORY SERVICES LIMITED** — ICIJ Offshore Leaks · `icij:icijol-11001719` — https://whiteintel.dev/entity/9bd5c86b-8497-5b11-9ffe-ba639647a1c7
- **EMD ADVISORY SERVICES LIMITED** — GLEIF · `lei:391200TC1TSMCQSGHN94` — https://whiteintel.dev/entity/09aa8d9f-b3d1-538e-aa6d-8a5a9c8d106e

## Ownership & control

### Owners / controllers

- **STEPHEN BALZAN** (shareholder of) — https://whiteintel.dev/entity/0a9f185b-8ecf-5a0e-94cd-f2c470af41a6
- **ITALO R. ELLUL** (shareholder of) — https://whiteintel.dev/entity/806ae7a0-6258-559b-a349-ae80a9bfaf13
- **TONIO ELLUL** (shareholder of) — https://whiteintel.dev/entity/29faa520-f411-57cf-ac62-9a5a4d79a8e6
- **JEREMY J. DEBONO** (shareholder of) — https://whiteintel.dev/entity/57b63f2b-6938-5c40-9420-4950cde36da6
- **PIERRE MIFSUD** (shareholder of) — https://whiteintel.dev/entity/aafc6405-7bd3-5468-b3f0-53acb6dfe17b

### UBO chain (walk to the ultimate owner)

A **14-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**5** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55019696

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **EMD ADVISORY SERVICES LIMITED**. Human view: https://whiteintel.dev/entity/0fb2b545-cf89-57b4-a498-06fa931f6a08 · Structured JSON: https://whiteintel.dev/api/public/dossier/0fb2b545-cf89-57b4-a498-06fa931f6a08._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._