Public Statement 12 of 2021 - EURSWISS (2021-04-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that an entity calling itself EURSWISS is not licensed or regulated by the FSC, despite falsely claiming to be authorised to conduct investment business.

• False claim: EURSWISS falsely represents itself as licensed and regulated by the FSC to conduct investment business, which is a regulated activity under BVI legislation.
• Fraudulent website: EURSWISS operates the website www.eurswiss.com to advertise and solicit customers for investment services without any licence.
• FSC confirmation: The FSC confirms EURSWISS has never been licensed or regulated 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 by EURSWISS and to report any information about questionable entities or improper activities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is purely informational and protective in nature, warning consumers and the public rather than imposing any new compliance requirement on regulated firms.

Applies to

general public, persons soliciting or considering investment services from EURSWISS