---
title: "NC MARKETS LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/ff047104-01bb-505b-9084-8675e6561675
json: https://whiteintel.dev/api/public/dossier/ff047104-01bb-505b-9084-8675e6561675
identifier: icij:icijol-55044465
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# NC MARKETS LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55044465`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/ff047104-01bb-505b-9084-8675e6561675  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/ff047104-01bb-505b-9084-8675e6561675  

## Ownership & control

### Owners / controllers

- **Phoenix GSB Limited** (shareholder of) — https://whiteintel.dev/entity/52390ae1-f79b-56ba-ad5d-70a91dd3d9e2
- **PHOENIX GSB (IP) LIMITED** (shareholder of) — https://whiteintel.dev/entity/34be6202-3e74-5482-bf08-1bae7ef00a76

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

A **7-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/55044465

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **NC MARKETS LIMITED**. Human view: https://whiteintel.dev/entity/ff047104-01bb-505b-9084-8675e6561675 · Structured JSON: https://whiteintel.dev/api/public/dossier/ff047104-01bb-505b-9084-8675e6561675._

_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"._