BVI Financial Services - Advisory Warning No. 26 of 2012 (2012-11-28)

Summary

This is a public advisory issued by the BVI Financial Services Commission warning that an entity calling itself BVI Financial Services (also trading as BVI Securities & Escrow Ltd., BVI Financial & Securities, and BVI Financial) is falsely claiming to be incorporated, licensed and regulated in the British Virgin Islands. The FSC confirms it has no connection to this entity and that it has never been incorporated or licensed in the Territory.

• Entity warned about: BVI Financial Services, trading also as BVI Securities & Escrow Ltd., BVI Financial & Securities, and BVI Financial, operating via www.bvifinancial.com
• Claimed activities: Offering securities investments, investment management, loans and mortgages, and escrow services
• False claims identified: Purporting to be incorporated, licensed and regulated in the BVI, and using a fabricated business address at Haycraft Building, 1 Pasea Estate, Road Town, Tortola
• FSC position: No affiliation with the entity; it has never been registered, incorporated, or licensed by the FSC to conduct financial services business in or from the BVI
• Legal basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001

The FSC advises members of the public to exercise extreme caution if approached by this entity under any of its trading names, and invites the public to report information about this or other questionable entities purportedly operating in or from the Territory.

Applies to

members of the public