Industry News

Central Bank Warning Notice

Wednesday July 10th, 2002

Category: Newsletter Articles

Public Alert

The companies listed below are not licensed to conduct banking and/or trust business in or from within The Bahamas

  • Crubank Corporation, Beaumont House, Bay Street, P.O. Box SS 6236, Nassau, N.P. The Bahamas

  • Pinnacle Investment Bankers, 421 The Plaza, Mackey Street, P.O. Box SS 18002, Nassau, N.P. The Bahamas**

The Central Bank of The Bahamas issues Warning Notices as a means of alerting the financial services sector and the general public that named individuals or companies may be operating in breach of the Banks and Trust Companies Regulations Act and/or other laws of The Bahamas.

A notice from the Inspector of Banks and Trust Companies currently appears on the CBB's web site, advising that "members of the public who transact business with these persons[named above]* do so at their own risk."* The notice further asks the public to contact the Central Bank of the Bahamas with any other available information.