Advisory Warning No. 21 of 2015 - St. World Trade Inc. (2015-12-31)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public to an entity called St. World Trade Inc., which has been offering investment products such as hedging, market arbitrage, risk management and speculation while falsely claiming to be incorporated, licensed and regulated in the British Virgin Islands.

• Entity name: St. World Trade Inc., operating via the website https://www.tradingbanks.com/
• False claims: The entity falsely claims to be incorporated, licensed and headquartered in the British Virgin Islands
• FSC findings: St. World Trade Inc. has never been registered or incorporated in the BVI and has never been licensed by the FSC to conduct financial services business there
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001

The FSC advises the public to exercise extreme caution if approached by or dealing with this entity, and invites anyone with relevant information about it or other suspicious entities purportedly operating in or from the BVI to contact the Commission. This is a public alert only and does not impose ongoing compliance obligations on regulated entities.