Public Statement 1 of 2025 - SEBASTIAN PETRU (2025-01-14)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) concerning an individual identified as SEBASTIAN PETRU. The FSC states that a forged investment business licence is being circulated that falsely claims this person is authorised and regulated by the FSC to carry on investment business in the BVI.

• Key finding: SEBASTIAN PETRU has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from within the BVI.
• Nature of the fraud: A forged investment business licence purports to show this person as licensed to deal in investments as principal and to arrange deals in investments.
• Public advice: Members of the public are urged to exercise extreme caution if solicited to conduct business with SEBASTIAN PETRU.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert intended to protect customers, creditors and the public rather than a document that imposes ongoing compliance obligations on regulated entities. The FSC invites the public to report any information on questionable entities or improper activities purportedly operating in or from within the BVI.