An affidavit filed with the court states that the ownership of HBI, which was formed in Antigua on April 25, 1995 and continued to St. Vincent & the Grenadines on September 14, 1999, is in dispute.

According to KYC News, directors of the bank have included William Cooper, a US national residing in Antigua who is wanted in the United States, where he has been criminally indicted for alleged money laundering.