The Bermuda Monetary Authority (BMA) has publicly cautioned Bermudian investors about a series of inaccurate statements being circulated by the international custody and fund‑administration company, Custody Life. The warning, issued late Monday, alerts market participants that some information purporting to come from Custody Life’s local operations is unverified and could mislead clients on the firm’s services and regulatory compliance.

In a statement released to the press, the BMA reiterated its ongoing oversight of all licensed financial service providers on the island. It stressed that any representation not supported by the firm’s official documentation or regulatory filings is subject to investigation. The authority also reminded investors that Bermuda’s regulatory framework requires third‑party service providers to maintain clear, transparent communication with clients and to adhere to stringent disclosure standards.

The BMA’s notice comes amid a broader global scrutiny of custody arrangements for asset‑management firms. While Custody Life has a presence in several jurisdictions, there are no indications that the company has any authorized operations within Bermuda. The warning is intended to protect local residents who may be considering engagements with overseas providers, ensuring they rely on verified, BMA‑approved sources of information. Investors are urged to verify any claims directly with Custody Life or through the BMA’s official website before making investment decisions.

The BMA will continue to monitor the situation and may pursue further regulatory action if it finds that the false claims breach Bermuda’s financial services legislation.