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Press Release - Bermuda Monetary Authority Cancels Registration Of HBC Management Limited

22 November 2022

HAMILTON, BERMUDA – The Bermuda Monetary Authority (Authority) has cancelled the registration of HBC Management Limited (Company). The Company was registered as a non-licensed person (NLP) on 20 November 2019 under the provisions of Section 10 of the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement) Act 2008 (SEA).

The Company’s beneficial owners are Messrs. Morton Friedman and Eric Schreiber, who also served as the Directors of the Company.

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