Public Statement 12 of 2023 - ARM TRADE & FINANCE GROUP, INC. (2023-07-12)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission on 12 July 2023 concerning ARM TRADE & FINANCE GROUP, INC. The Commission states that this entity is circulating a forged investment business licence and falsely claiming to be authorised in the BVI to Deal in Investments as Principal and Arrange Deals in Investments.

• Key finding: ARM TRADE & FINANCE GROUP, INC. is not a BVI company and has never been licensed or regulated by the Commission for investment business or any other financial services business.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Call for information: The public is invited to report to the Commission any relevant information about this or other questionable entities purportedly operating in or from the BVI.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is informational and does not impose ongoing compliance obligations on regulated entities; it serves to alert the public and industry to a fraudulent, unlicensed operator.

Applies to

members of the public, unlicensed entity: ARM TRADE & FINANCE GROUP, INC.