BMA
Grade C
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Requirements to get licensed
Main requirements
- Company documentation such as articles of incorporation and founding materials.
- A comprehensive business plan detailing key operating assets, market strategies, financial estimates, and risk management measures.
- A detailed risk control plan.
- Passport copies of shareholders, management, and key personnel.
- Residence registration documents for shareholders, executives, and important team members.
- Professional references demonstrating expertise in foreign exchange operations.
- Criminal record-free identification for shareholders, management, and key executives.
- Detailed Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) compliance materials.
About this regulator
The Bermuda Monetary Authority (BMA) is the integrated regulator of the financial services sector in Bermuda. It is responsible for regulating and supervising financial institutions, including banks, insurance companies, investment businesses, and trust companies. The BMA also issues Bermuda's national currency, manages exchange control transactions, and assists other agencies in detecting and preventing financial crime. Established to ensure the integrity and stability of Bermuda's financial system, the BMA plays a key role in maintaining Bermuda's reputation as a leading international financ...
Companies holding this license
1 companies on record. Each links to its verification page.
