Regulatory Alerts2022-10-27
Added · Updated
Public Notice No. 7 of 2022 – MMG Fund Services Bank
The Securities Commission of The Bahamas warns the public that MMG Fund Services Bank is a counterfeit entity not registered or licensed to operate in the jurisdiction. The notice clarifies that this entity is distinct from the legitimate, regulated MMG Bank and Trust Ltd. and states that any activities conducted by MMG Fund Services Bank in The Bahamas violate the Securities Industry Act, 2011, and related laws. Persons claiming authorization for this entity are subject to criminal prosecution and regulatory sanctions.
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