DOMINION S.X. Ltd. - Public Statement No. 4 of 2018 (2018-03-14)

Summary

This is a public warning notice issued by the BVI Financial Services Commission about DOMINION S.X. Ltd. (formerly Qualiom Financial Ltd.), a BVI-incorporated company. The FSC states that the Company has never been licensed or regulated to carry on any financial services business, despite being connected to a website that allegedly facilitated online investment business.

• Who is named: DOMINION S.X. Ltd., formerly Qualiom Financial Ltd., incorporated in the BVI on 22 September 2014
• Allegation: Connected to the website dominionfx.ru, alleged to have facilitated investment business online without an FSC licence
• Regulatory action: The FSC issued the Company an order to immediately cease carrying on unauthorized financial services business in the BVI
• Legal basis: Issued pursuant to Section 37A(2) of the Financial Services Commission Act, 2001
• Public call to action: Members of the public are invited to provide the FSC with any relevant information on this matter or on other questionable entities operating in or from the BVI

This notice is informational and protective in nature, warning the public and potential customers or creditors not to deal with the Company as a licensed financial services provider. It does not impose ongoing compliance obligations on regulated entities generally.

Applies to

unlicensed entities purporting to carry on investment business, general public and potential customers or creditors of the named company