THE ASIA GOLD MINING ASSET CORPORATION - Advisory Warning No. 16 of 2013 (27 May 2013)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning about THE ASIA GOLD MINING ASSET CORPORATION, a BVI Business Company operating at www.asiagoldmining.com. The entity offers online investment opportunities in precious metals and other natural resources while purporting to be a Professional Closed-End Fund set up in the BVI.

• No licence required: The FSC states the entity's activities do not require licensing by the Commission.
• False and misleading information: The FSC found the entity has published false and misleading information on its website.
• Public caution advised: Members of the public are advised to exercise extreme caution when conducting any transactions with the entity.
• 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 obligations on regulated entities; it invites the public to report information on questionable entities to the FSC.

Applies to

general public, investors