The Central Bank of The Bahamas has warned that Allied Bank and Trust Bahamas, together with possible aliases or affiliates, is falsely claiming to be licensed by the Central Bank. It confirmed that six named entities are not licensed to conduct banking business in The Bahamas. The Central Bank directed anyone operating without the required license or registration to cease operations immediately and warned that it may take punitive measures under the Central Bank of The Bahamas Act, 2020. Customers should independently verify an institution’s regulatory status before transacting and report suspected fraud to the Financial Crimes Unit of the Royal Bahamas Police Force.
2026-08-26Central Bank of the Bahamas
Central Bank of The Bahamas warns six entities falsely claim to be licensed
The Central Bank of The Bahamas has warned that Allied Bank and Trust Bahamas and five other named entities are not licensed to conduct banking business in the country. Unlicensed operators must cease operations immediately, while customers should verify firms’ regulatory status before transacting.