​​​
 

 WARNING LIST

 

The Bermuda Monetary Authority (BMA) warns the public that the entities listed below are not incorporated in Bermuda and / or they are not licensed to conduct any form of regulated financial services business in or from within Bermuda.

Members of the public who transact business with these entities do so at their own risk.

The public is invited to provide the BMA with any other relevant information on these entities or any other questionable entities claiming a Bermuda connection. Please call the Legal Services & Enforcement Department on (441) 278-0326 (Senior Analyst) or (441) 278-0254 (Senior Legal Counsel), or send an email to aml@bma.bm

 

Name of entity Purported Bermuda address or Bermuda connection Website Date entry 
posted
ABN Union Bank Ltd

Bermuda connection implied by text on ‘About Us’ page of website: “Until recently, it was centred in Latvia, but with increasing specialisation in securitisation and structured finance, it has focused its activities internationally via specialist partners in Malaysia, Bermuda and New Zealand amongst other places.”

[As of the date of this posting the website was inaccessible]

 

www.abunion.com Friday, November 09, 2007
Alliance Central Bank

Victoria Street
Hamilton
- or -
P.O. Box HM 1832
Hamilton HM GX
Bermuda

www.alliancecentral.com Tuesday, July 06, 2004
ASD Bank of Bermuda
- or -
ASD Bank

[This entity has no connection with the Bank of Bermuda Limited which is a properly constituted and licensed Bermuda Bank]

"one of Bermuda's foremost banks"

[per website www.hamiltontrust.com/personal.html]

 

www.asdbank/hamilton.bu Monday, November 22, 2004
Aurum Capital Partners Limited

[This entity has no connection with Aurum Fund Management Company Ltd., Aurum Jacana Fund Management Limited or Aurum Mirelis Fund Management Limited which are all incorporated in Bermuda, or any related "Aurum" fund]


Warner Building
85 Reid Street
Hamilton
Bermuda HM12

www.aurumisr.com Tuesday, July 06, 2004
Aurum Capital Partners S.A.

[This entity has no connection with Aurum Fund Management Company Ltd., Aurum Jacana Fund Management Limited or Aurum Mirelis Fund Management Limited which are all incorporated in Bermuda, or any related "Aurum" fund]


Website headings (in Polish) “Aurum Capital Partners S.A. – Strategic advisors – Bermuda – New York – Toronto – Marshall Islands"

[The reference to Bermuda is misleading]


 

www.aurumisr.com/proprofitus www.waluty.com.pl/aurum.php Friday, December 30, 2005
Bermuda Credit Re-Insurance Bank Ltd.
- or -
BCRB Credit Re-Insurance Bank Ltd.
- or -
BCR Bank

3100 Business District
Harrington Sound
- or -
Chancery Hall
Chancery Lane
Hamilton

www.bcr-bank.com Tuesday, July 06, 2004
BHV Offshore Financial Services Limited

P O Box HM 2183 
Hamilton HM BX 
Bermuda

Website homepage asserts – 

“Headquartered in 
the heart of 
Hamilton, the 
capital of Bermuda”

www.bhvfund.com and also promoted at – www.hyipinvestorclub.info Friday, November 21, 2008
Brabus Private Investment Club

P.O. Box HN171
Hamilton, HMCX
Bermuda
- or -
12 Main Road
Hamilton, HM11
Bermuda

www.bpiclub.net Wednesday, February 23, 2005
Certusia Reinsurance Company Inc.
- or -
Certusia Reinsurance Group

Bermuda

www.certusiagroup.com Tuesday, July 06, 2004
Coliseum Investment Inc
- or -
Coliseum Investment of Bermuda

P O Box GE 263
St Georges GE BX
Bermuda

www.coliseum-investment.com Thursday, January 19, 2006
Crowne Global Group Ltd.

Suite 378
48 Par la Ville Road
Hamilton, HM11
Bermuda

Tuesday, July 20, 2004
European Union Fund

Quote from 'structure' page of website: "We submit our documentation for review to....the Bermuda Financial Services Board"

[There is no such body]

. A press release date 16-Sep-2004 states that this entity is "registered in Bermuda"

[This is false]

 

www.europeanunionfund.com Friday, October 22, 2004
Global Capital & Guaranty Ltd

Chancery Hall
52 Reid Street
P O Box HM 3391
Hamilton HM PX
Bermuda

www.globalcapitalguaranty.com Tuesday, February 24, 2009
Global Investment Company

Queen Street
Hamilton, HMFX
Bermuda

www.globalinvestmentco.com Tuesday, July 06, 2004
Global Pension Fund Realty Trust

Quote from letter of intent to a prospective borrower: "Global Pension Fund Realty Trust, a Bermuda UK Limited Trust Corporation"

[There is no such entity as a "Bermuda UK Limited Trust Corporation"]


 

Friday, February 10, 2006
Hamilton Trust Ltd.

[This entity has no connection with Hamilton Trust Company Limited which is a properly constituted and licensed Bermuda trust company]


Bermuda connection implied by a reference to ASD Bank Of Bermuda ( see reference above )

www.hamiltontrust.com Tuesday, July 06, 2004
Harvest Investment Holdings Ltd

P.O. Box HM 3372, 
Hamilton HMPX, Bermuda
- or -
"Carmel", 61 King St., Hamilton HM19, Bermuda 

Website offers various financial services and the “Purpose” page asserts – “This company…is fully licensed to provide these services in accordance with the laws of the Islands of Bermuda” 


[This company is not licensed by the Bermuda Monetary Authority to conduct any regulated business]


 

www.harvestinvestmentholdings.com Friday, December 12, 2008
International Credit Union

64 Front Street
P.O. Box HM 196
Hamilton, Bermuda
HM AX

www.internationalcreditunion.com Tuesday, July 06, 2004
Jyske Bank, Bermuda

[This is not part of the Jyske Bank Group of Denmark]


34 Victoria Street
Hamilton, HM 11

www.jbbermuda.com Monday, August 14, 2006
Kuva Limited​

WARNING – CLONE FIRM: The following website – www.kuvaltd.com – promotes an investment firm named ‘Kuva Limited’ and falsely claims it is regulated by the Authority. The public should be aware that this entity is NOT regulated, authorised or licensed by the Authority. There are a number of other false statements made on the website – the Authority advises caution in engaging in business through this website. There is a legitimate, Bermuda-registered entity named Kuva Limited, which operates an authorised investment fund and is correctly listed on the Authorised Funds section of this website. It is in no way associated with ‘Kuva Limited’ mentioned above.

http://www.bma.bm/BMANEWS/Warning%20-%20Clone%20Firm%20-%20'Kuva%20Limited'.pdf

www.kuvaltd.com​ Friday, 29th January 2016​
Medical Risk Associates, RPG, Ltd.

Suite 378
48 Par la Ville Road
Hamilton, HM 11
Bermuda

Tuesday, July 20, 2004
Offshore & Global Investments Corporation

95 Front Street
Hamilton HM 12
Bermuda

Monday, November 22, 2004
Offshore Financial Services

37 Reid Street
Hamilton HM12
Bermuda

Monday, November 22, 2004
​Overseas First Federal

Hamilton House, 2nd Floor, Queen Street, Hamilton, Bermuda

[Not registered as a company in Bermuda. This company is not licensed by the Bermuda Monetary Authority to conduct any regulated business.]

​www.overseasfirstfederal.com

​Tuesday, 17th September 2013

Professional Liability Insurance Company Ltd.

Suite 378
48 Par la Ville Road
Hamilton, HM11
Bermuda

Tuesday, July 20, 2004
Quasar FX Ltd.

[This entity has no connection with another Bermuda company, Quasar Group Ltd]


On 16 June 2006 the Quasar FX Ltd website displayed the following wording:

Will my personal funds in my account be safe?
QUASAR FX is a registered Futures Commission Merchant by Bermuda Monetary Authority (BMA). QUASAR FX is held to the strictest financial regime as dictated by the BMA. QUASAR FX only deals with regulated counterparties and major financial institutions.

[The Bermuda Monetary Authority does not regulate Quasar FX Ltd nor does it register or license “Futures Commission Merchants”]


 

www.quasarfx.com Monday, July 17, 2006
RA(B)L Guaranty Co.

“Licensed as a Class 3 insurer in Bermuda” 

[This is false]


 

www.residualassurance.com Tuesday, October 07, 2008
RA(B)L RVI Co.

“Licensed as a captive insurer in Bermuda” 

[This is false]


 

www.residualassurance.com Tuesday, October 07, 2008
Residual Assurance (Bermuda) Ltd.

Bermuda

www.residualassurance.com Tuesday, October 07, 2008
Safecare, Ltd.

(Class 3 insurer) 

Trinity Hall
43 Cedar Ave.
Hamilton HM12

 

[The Authority imposed a Direction under S32 of the Insurance Act on 10 October 2011 and cancelled the Company’s registration as an Insurer on 6 January 2012. The Company is no longer registered with the Bermuda Registrar of Companies]
 

 


 

Friday, January 06 2012
Soros Holland Investment Fund IV

2233 International Financial Building
Hamilton
Bermuda 10000

www.soroshollandfund.com Tuesday, July 06, 2004
Standard Financial Trust

Victoria Street
Hamilton
P.O. Box HM 1832
Hamilton HM GX
Bermuda

www.standardfinancialtrust.com Tuesday, July 06, 2004
Trafalgar Insurance Company Limited 

[This entity has no connection with the Bermuda companies Trafalgar Management Services Limited Trafalgar Securities Limited Trafalgar 2003 Limited Trafalgar 2004 Limited Trafalgar 2004 Management Limited Trafalgar Research (Bermuda) Ltd. Trafalgar Trading Limited Trafalgar Capital Limited Trafalgar Management Services Ltd. that are incorporated in Bermuda.]


Suite 1042
48 Par la Ville Road
Hamilton, HM 11
Bermuda

Tuesday, July 06, 2004
Trans Atlantic Financial Trust Group

Suite 1042
48 Par la Ville Road
Hamilton, HM 11
Bermuda

Tuesday, July 06, 2004
Trans Atlantic Financial Trust Group

The TAFTG Building
27 Reid Street
Hamilton, HM11
Bermuda

www.transatlanticfintrust.com Tuesday, July 06, 2004
Unimed

[This entity has no connection with UniMed Limited which is incorporated in Bermuda]


Suite 378
48 Par la Ville Road
Hamilton, HM 11
Bermuda
- or -
10 Queen Street
Hamilton, HM11
Bermuda

Tuesday, July 20, 2004
Western Equities Limited

Suite 549
48 Par la Ville Road
Hamilton, HM 11
Bermuda

www.westernequities.net Tuesday, July 06, 2004​