United Exchange International Bank - Advisory Warning

Summary

This is a short advisory published by the BVI Financial Services Commission, republishing a warning originally issued by the Central Bank of Belize. It states that United Exchange International Bank is not licensed to conduct banking or financial business in or from Belize, and encourages anyone with information about its activities, or about unlicensed banking business generally, to contact the Central Bank of Belize.

• Subject entity: United Exchange International Bank, purportedly operating from Belize
• Underlying authority: Issued by the Central Bank of Belize pursuant to Section 3 of the Banks and Financial Institutions Act, Revised Edition 2000
• Nature of alert: Confirms the entity is not licensed to provide banking and/or financial business in or from Belize
• Action requested: Members of the public with information about the entity's activities, or about any other unlicensed banking business, are asked to contact the Central Bank of Belize

This is a public awareness notice rather than a rule or requirement; it does not impose any ongoing compliance obligations on BVI licensees, but firms should exercise caution in any dealings with this entity and be alert to unlicensed banking activity more broadly.

Applies to

banks, persons dealing with or providing information about unlicensed banking business