BCF International Capital S.A. et. al. - Advisory Warning No. 30 of 2012 (14 December 2012)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning about BCF International Capital S.A., a BVI business company also trading as BCF Bankorp International Capital S.A., BCF Bankorp, BCF Banker Plus, and BCF Consulting. The FSC states this entity has been offering private equity, venture capital, lending and corporate finance services while falsely purporting to be licensed and regulated in the BVI, including through the websites bcfbankorp.com and bcfbankerplus.com.

• Finding: BCF International Capital S.A. and its trading names have never been licensed by the FSC to carry on financial services business in or from within the BVI.
• Public advice: Members of the public are advised to exercise extreme caution if solicited by this entity under any of its aforementioned names.
• Reporting invitation: The public is invited to provide the FSC with any relevant information on this entity or other questionable entities purportedly operating in or from within the BVI.
• Legal basis: The advisory is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public warning rather than a rule imposing continuing compliance duties on regulated entities; it does not affect licensed BVI financial services providers but serves to alert the public and industry to an unlicensed and potentially fraudulent operator.

Applies to

members of the public, unlicensed entity: BCF International Capital S.A. (aka BCF Bankorp International Capital S.A., BCF Bankorp, BCF Banker Plus, BCF Consulting)