Notice - Public Warning - Fraudulent Social Media Postings Linked to BMA Capital (2025-05-19)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public to fraudulent social media postings, including on WhatsApp, that falsely claim to be linked to the Authority under names such as BMA Capital, Bermuda Finance, Pakistan BMA, and BMA International Platform.

• Nature of fraud: The posts falsely conflate the BMA with entities called BMA Capital, Bermuda Finance, Pakistan BMA, and BMA International Platform, and falsely claim the Authority is the headquarters of a multinational financial conglomerate.
• No affiliation: The BMA confirms it has no connection to these entities and that the claims are fraudulent.
• Investor risk warning: The Authority warns that conducting business with unregulated entities, especially where introduced through fraudulent statements, carries increased risk, and anyone who does so acts at their own risk.

This notice is purely informational and does not impose any new regulatory requirements or ongoing compliance obligations on licensed or regulated entities.