Public Statement 11 of 2020 - RBS CONSOLIDATED INVESTMENTS LTD.

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 12 August 2020 concerning RBS CONSOLIDATED INVESTMENTS LTD. The FSC states that this entity has never been licensed or regulated by the FSC to conduct any financial services business in or from the BVI, and warns that it is circulating a forged investment business licence while falsely claiming to be authorised to deal in investments.

• Nature of concern: RBS CONSOLIDATED INVESTMENTS LTD. is circulating a forged investment business licence and falsely purports to be licensed and regulated by the FSC to carry on investment business by dealing in investments.
• Regulatory status: The entity is not, and has never been, licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the BVI.
• Public advisory: Members of the public are urged to exercise extreme caution if solicited to conduct business with this entity.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice invites the public to report to the FSC any information about questionable entities purportedly operating in or from the BVI, or improper activities by such entities. It is informational in nature and does not impose ongoing compliance obligations on regulated entities.

Applies to

members of the public, persons solicited by RBS CONSOLIDATED INVESTMENTS LTD.