MBC Financial Services Ltd., and Multiple Banks Clearing (MBC FX) - Advisory Warning No. 10 of 2009

Summary

This is a public Advisory Warning issued by the British Virgin Islands Financial Services Commission (FSC) under Section 4(1)(l) of the Financial Services Commission Act, 2001. It alerts the public that MBC Financial Services Ltd. and Multiple Banks Clearing (MBC FX) are not licensed to carry on financial services business in or from within the BVI.

• Warning: MBC Financial Services Ltd. and Multiple Banks Clearing (MBC FX) are not licensed by the FSC to conduct financial services business in or from within the Territory.
• Advice to public: Members of the public are advised to exercise extreme caution when conducting any transactions with these entities.

The notice is informational and does not impose continuing compliance obligations on licensed entities; it is intended to caution consumers and the public against dealing with these unlicensed operators.

Applies to

members of the public, unlicensed entities purporting to offer financial services