The Bermuda Monetary Authority [BMA] has levied civil penalties totalling $600,000 on Meritus Trust Company Limited. A spokesperson said, “The Bermuda Monetary Authority [BMA] has levied civil penalties totalling $600,000 on Meritus Trust Company Limited [Company], a local entity licensed under: The Trusts [Regulation of Trust Business] Act 2001 [Trusts Act] The Corporate Service Provider […]