Peekwood Private Trust and Holdings - Advisory Warning No. 29 of 2012 (2012-12-14)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning that an entity calling itself PEEKWOOD PRIVATE TRUST and HOLDINGS, which operates at www.peekwood.com and presents itself as incorporated and registered in the BVI, is not and has never been incorporated or registered in the BVI, nor licensed by the FSC.

• Warning: PEEKWOOD PRIVATE TRUST and HOLDINGS is not registered, incorporated, or licensed in the British Virgin Islands despite claiming otherwise on its website.
• Public advice: Members of the public are urged to exercise extreme caution before conducting any transactions with this entity.
• Reporting invitation: The public is invited to provide the FSC with any information about questionable entities purportedly operating in or from 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 ongoing compliance obligations on regulated entities; it targets consumers and the general public rather than licensees.