Bermuda

Think Capital Ltd.: Public Warning

Public Warning by the Bermuda Monetary Authority against Think Capital Limited, part of the "ThinkMarkets group of companies", which "falsely claimed to have a licence issued by the Bermuda Monetary Authority" and which, when contacted by the BMA, claimed that "the statement was made in error and that, instead, it should have stated that it had been issued a licence by the Cayman Islands Monetary Authority". Editor's Note: On its website at www.thinkmarkets.com, ThinkMarkets claims to operate "a premium multi-asset online brokerage with headquarters in London and Melbourne and hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America", and identifies group companies as: TF Global Markets Int Limited, of the Seychelles; TF Global Markets (UK) Limited, of England; TF Global Markets (Aust) Limited, of Australia; TF Global Markets (South Africa) (Pty) Ltd., of South Africa; Think Capital Limited, of Bermuda, and TFG (Payments) Limited, of England. Research by OffshoreAlert also discovered other group companies, including one in the Cayman Islands called TF Global Markets (International) Ltd., which is identified on CIMA's website as receiving a "Securities - Full" license on April 12th, 2021.

Allianz Life Bermuda Ltd.: $1.7M Fine

Press Release by the Bermuda Monetary Authority announcing that it has imposed "civil penalties" totaling $1.7 million on Allianz Life Bermuda Limited for regulatory breaches, including the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing Supervision and Enforcement) Act 2008, and that the company has agreed to go into liquidation. Editor's Note: Research by OffshoreAlert showed that, on the Allianz Group's website, the address for Allianz Life Bermuda Limited is given as "105, Allianz SNA Bldg 56, Jisr el Bacha Hazmieh Beirut, Lebanon P.O.Box: 16-6516".

Priosma Ltd.: License Revocation

Public Notice by the Bermuda Monetary Authority that it has cancelled the insurance broker registration of Priosma Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Directors Register maintained by the Government of Bermuda, the directors of Priosma Ltd. are identified as Graham McKean, of Kent, England, and Mark D. Terrey, of Bermuda.

Greins Global Ltd.: Winding Up Notice

Public Notice by the Bermuda Monetary Authority that it "successfully petitioned the Supreme Court of Bermuda to wind up Greins Global Ltd.", which was described as "a Class 1 insurer". Editor's Note: The Directors Register section of the Government of Bermuda's website identified the sole director of Greins Global Limited as Randeep S. Grewal, of Hong Kong.

Economic Risk Insurance, Ltd.: License Cancellation

Press Release by the Bermuda Monetary Authority announcing the cancellation of the insurance registration of Economic Risk Insurance, Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that, in the Directors Register maintained by the Government of Bermuda, the directors of Economic Risk Insurance Ltd. are identified as James Michael Temple, of Sacramento, California, USA, and Richard Daley, of Bermuda.

Crown Global Life Insurance Ltd. et al: $400K Fine

Press Release by the Bermuda Monetary Authority announcing that it has imposed a fine of $400,000 on Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Ltd. for regulatory breaches. Editor's Note: Research by OffshoreAlert in the "Directors Register" maintained by the Government of Bermuda showed that Crown Global Life Insurance Ltd. and Crown Global Life Insurance (Bermuda) Ltd. have the same directors: Terria Ladawn Godwin, of the Cayman Islands; Carol Feathers, of Bermuda; Christopher John Calise, of Miami Beach, Florida, USA, and Perry A. Lerner, of Philadelphia, Pennsylvania, USA. On the Crown Global group's website at crownglobalinsurance.com, it is stated that "Crown Global empowers high net worth individuals, institutions and investment fund managers with products and services to enhance their investments", its "Executive Leadership Team" comprises Perry Lerner, "Chairman & CEO"; Christopher Calise, "President & CFO"; Damien Rios, "Senior Vice President & General Counsel"; Riccardo Gambineri, "Senior Vice President"; Thomas Berry, "Chief Actuary"; Terria Godwin, "Vice President, Finance & Administration", and Suzanne Reynolds, "Assistant Vice President, Finance & Administration", and it has offices in Delaware, Miami Beach, Zurich, Bermuda, and the Cayman Islands.

Phoenix Law Chambers: License Revocation

Public Notice by the Bermuda Monetary Authority that it has "revoked the corporate service business provider" license of Phoenix Law Chambers.

Capital Management of Bermuda Ltd. et al: Enforcement Actions

Notice by the Bermuda Monetary Authority regarding Enforcement Actions against Capital Management of Bermuda Ltd., Excelsior Insurance Ltd., Northstar Financial Services (Bermuda) Ltd., PB Life and Annuity Co. Ltd., and Omnia Ltd.

Northstar Financial Services (Bermuda) Ltd.: ‘Winding Up’ Notice

Notice by the Bermuda Monetary Authority that it petitioned Northstar Financial Services (Bermuda) Ltd. into provisional liquidation. Editor's Note: Research by OffshoreAlert showed that the Directors Register on the Government of Bermuda's website identified the directors of Northstar Financial Services (Bermuda) Ltd. as Scott Alan Boug, of Bermuda, and Christopher Erich Herwig, of Raleigh North Carolina, USA;

PB Life and Annuity Co. Ltd.: ‘Winding Up’ Notice

Notice by the Bermuda Monetary Authority that it has petitioned PB Life and Annuity Co. Ltd. into provisional liquidation. Editor's Note: Research by OffshoreAlert showed that the Directors Register on the Government of Bermuda's website identified the directors of PB Life and Annuity Co. Ltd. are Scott Alan Boug, of Bermuda, and Christopher Erich Herwig, of Raleigh, North Carolina, USA.

Omnia Ltd.: ‘Winding Up’ Notice

Notice by the Bermuda Monetary Authority that it has petitioned Omnia Ltd. into provisional liquidation. Editor's Note: Research by OffshoreAlert showed that the Directors Register on the Government of Bermuda's website identified the directors of Omnia Ltd. are Scott Alan Boug, of Bermuda, and Christopher Erich Herwig, of Raleigh, North Carolina, USA.

Phoenix CRetro Reinsurance Company Ltd.: Registration Cancellation

Press Release by the Bermuda Monetary Authority announcing that it has "cancelled the insurance registration of Phoenix CRetro Reinsurance Company Limited" for regulatory breaches. Editor's Note: Research by OffshoreAlert in the "Directors Register" maintained by the Government of Bermuda showed that the directors of Phoenix CRetro Reinsurance Company Limited were identified as Nicholas Mark Frost, of Bermuda; Janita K. Burke, of Bermuda; Timothy Roger Riddell, c/o Randall & Quilter Investment Holdings, of England, and Kirill Savrassov, of London, England.

Blue Nile Services Ltd.: Public Censure

Press Release by the Bermuda Monetary Authority announcing a "Public Censure" against Blue Nile Services Limited, described as "a money service business provider", for regulatory breaches. Editor's Note: Research by OffshoreAlert in the "Directors Register" maintained by the Government of Bermuda showed that the directors of Blue Nile Services Limited were identified as Sosina G. Mekonnen, Melody C. Bean, Ronald Simmons, and Carlton J. Dill, all of Bermuda.

Capital Management of Bermuda Ltd.: ‘Winding Up’ Notice

Notice by the Bermuda Monetary Authority that it has "successfully petitioned the Supreme Court of Bermuda to wind up Capital Management of Bermuda, Ltd." for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that the Directors Register on the Government of Bermuda's website identified the directors of Capital Management of Bermuda Ltd. as Thomas Sash, c/o Windsor-Thomas Group Inc., of Plant City, Florida; Thomas Williams, of Palm Harbour, Florida, and Nicholas Williams, c/o Clifford Chance LLP, of New York, NY.

Excelsior Insurance Ltd.: ‘Winding Up’ Notice

Notice by the Bermuda Monetary Authority that it has "successfully petitioned the Supreme Court of Bermuda to wind up Excelsior Insurance Ltd." for regulatory breaches. Editor's Note: Research by OffshoreAlert showed that the Directors Register on the Government of Bermuda's website identified the directors of Excelsior Insurance Ltd. are Ronald Sherman, of New Jersey, USA; Jason Poliner, of Connecticut, USA; Richard Daley, of Bermuda; Neill Horner, of Bermuda, and Bradley Meindersma, of Bermuda.

First Bermuda Group Limited

Press Release by the Bermuda Monetary Authority announcing that it has imposed a fine of $100,000 on First Bermuda Group Limited "for a number of compliance failings related to the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) Regulations 2008".

British American Insurance Company Limited

Press Release from the Bermuda Monetary Authority that it has started winding-up proceedings against the Bermuda branch of British American Insurance Company, a Bahamian insurance company which is a majority owned subsidiary of CL Financial Group of Trinidad and Tobago (CL).

Emerald Financial Group

Press Release by the Bermuda Monetary Authority that it has initiated winding-up proceedings against three licensed companies in local investment group, the Emerald Financial Group in conjunction with the Registrar of Companies.

ABN Union Bank Ltd.

Warning by Bermuda Monetary Authority about ABN Union Bank Ltd.

Jyske Bank, Bermuda

Warning by the Bermuda Monetary Authority against Jyske Bank, Bermuda.

Qasar FX Ltd.

Warning by the Bermuda Monetary Authority against Qasar FX Ltd.

ASD Bank of Bermuda

Warning by the Bermuda Monetary Authority against ASD Bank of Bermuda, a.k.a. ASD Bank.

European Union Fund

Warning by the Bermuda Monetary Authority against European Union Fund.

Coliseum Investment Inc.

Warning by the Bermuda Monetary Authority against Coliseum Investment Inc. or Coliseum Investment of Bermuda.

Unimed

Warning by the Bermuda Monetary Authority against Unimed.

Bermuda Credit Re-Insurance Bank Ltd.

Warning by Bermuda Monetary Authority against Bermuda Credit Re-Insurance Bank Ltd., a.k.a. BCRB Credit Re-Insurance Bank Ltd., a.k.a. BCR Bank.

Alliance Central Bank

Warning by the Bermuda Monetary Authority against Alliance Central Bank.

Hamilton Trust Ltd.

Warning by the Bermuda Monetary Authority against Hamilton Trust Ltd
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