---
title: "MDL Active Duration Fund, Ltd. — Ownership Dossier"
canonical: https://whiteintel.dev/entity/246ee8b1-fd5c-5746-a344-e19cd3360185
json: https://whiteintel.dev/api/public/dossier/246ee8b1-fd5c-5746-a344-e19cd3360185
identifier: icij:icijol-82005512
jurisdiction: BM
risk: High
source: WhiteIntel corporate-ownership graph
---

# MDL Active Duration Fund, Ltd.

**Type:** Company  
**Jurisdiction:** BM  
**Identifier:** `icij:icijol-82005512`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/246ee8b1-fd5c-5746-a344-e19cd3360185  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/246ee8b1-fd5c-5746-a344-e19cd3360185  

## Ownership & control

### Owners / controllers

- **Lay - Mark** (shareholder of) — https://whiteintel.dev/entity/7412273b-f61b-569b-a039-dafb73233b88
- **Saunders - Steven** (shareholder of) — https://whiteintel.dev/entity/646e6cce-23fc-5855-b83e-bf36d2cd866c

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

A **8-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)

**1** owner upstream in this entity's ownership/control chain is 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/82005512

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **MDL Active Duration Fund, Ltd.**. Human view: https://whiteintel.dev/entity/246ee8b1-fd5c-5746-a344-e19cd3360185 · Structured JSON: https://whiteintel.dev/api/public/dossier/246ee8b1-fd5c-5746-a344-e19cd3360185._

_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"._