Public Notice: Fraudulent Claims of Licensing and Registration
Published: Friday June 19th, 2026
Public Notice
Fraudulent Claims of Licensing and Registration
The Central Bank of The Bahamas wishes to alert the public of entities falsely claiming to be licensed, regulated, registered, or otherwise authorised to conduct financial services business in The Bahamas.
The following entities are not licensed to conduct financial services in The Bahamas:
- SP Monza Bank
- Coral Credit Bank or Coral Credit
- Bahamas GTB
- Bahamas Crypto Bank
Any company seeking to conduct banking and trust business, money transmission services, payment services, or other regulated financial activities in or from The Bahamas must be appropriately licensed or registered by the relevant Bahamian regulatory authority. False representations regarding licensing status may be intended to mislead investors and customers and may expose individuals to fraud and financial loss.
Persons seeking to conduct business with a financial institution or service provider claiming to operate from The Bahamas should independently verify the entity's regulatory status before engaging in transactions. The public is cautioned that the use of The Bahamas' name, reputation, or regulatory framework in a misleading manner undermines confidence in the jurisdiction and may constitute a violation of applicable laws.
The list of institutions licensed and registered by the Central Bank can be accessed here or by visiting the website at www.centralbankbahamas.com via the following path: Core Functions → Bank Supervision → Regulated Entities → Supervised Financial Institutions. To note, the regulatory body responsible for overseeing securities and investment activities, including digital assets, in The Bahamas is the Securities Commission of The Bahamas.
If you believe that you have been contacted by a fraudulent entity, or have already invested funds in or through such an entity, please report the incident to the Commercial Crime Unit at the Royal Bahamas Police Force.
The Central Bank remains committed to protecting consumers, maintaining the integrity of The Bahamas' financial system, and safeguarding the reputation of The Bahamas as a well-regulated international financial centre.
