Public Statement 12 of 2025 - CLOUDTRADES (2025-05-28)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about an entity called CLOUDTRADES, which is falsely claiming to be licensed by the FSC to carry on investment business. It is a consumer protection alert, not a rule or licensing action, issued under Section 37A of the Financial Services Commission Act, 2001.

• The issue: CLOUDTRADES is circulating a forged investment business licence and falsely claims to be licensed and regulated by the FSC for Dealing in Investments and Arranging Deals in Investments.
• FSC's finding: CLOUDTRADES is not a BVI company and has never been licensed or regulated by the FSC for investment business or any other financial services business in or from within the Virgin Islands.
• Public advice: Members of the public are advised to exercise extreme caution and avoid conducting any business with CLOUDTRADES.
• Call for information: The FSC invites the public to report any relevant information on questionable entities purportedly operating in or from within the Territory and any improper activities by such entities.

This notice does not create ongoing compliance obligations for regulated entities; it is informational, warning the public and industry about a fraudulent entity impersonating a licensed firm.

Applies to

members of the public, persons solicited by CLOUDTRADES