Public Statement 10 of 2024 - Cryptoaegis Invest (2024-05-02)

Summary

This is a public warning notice issued by the BVI Financial Services Commission alerting the public that an entity calling itself CRYPTOAEGIS INVEST is circulating a forged investment business licence and falsely claiming to be licensed by the FSC for Dealing in Investments and Arranging Deals in Investments. The FSC confirms CRYPTOAEGIS INVEST is not a BVI company and has never been licensed or regulated by the FSC to conduct any financial services or investment business in or from the BVI.

• Nature of the fraud: CRYPTOAEGIS INVEST is circulating a forged FSC investment business licence and falsely claiming FSC authorisation.
• FSC finding: The entity is not incorporated in the BVI and has never been licensed or regulated by the FSC for any financial services business.
• Public advice: Members of the public are urged to exercise extreme caution if solicited to conduct business with CRYPTOAEGIS INVEST.
• Reporting channel: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from the Territory.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule change; it does not impose new compliance obligations on regulated entities but warns the public and industry about a fraudulent unlicensed operator.

Applies to

general public, persons solicited by unlicensed entities