Public Statement 13 of 2022 - B.O. TRADEFINANCIALS LTD. and AFFILIATETRADE247 INVESTMENT TEAM (2022-09-16)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about two unauthorised entities, B.O. TRADEFINANCIALS LTD. and AFFILIATETRADE247 INVESTMENT TEAM. The FSC states these entities have circulated forged investment business licences bearing the FSC's logo and falsely claim to be licensed to deal in or arrange deals in investments in or from the BVI.

• Never licensed: Neither entity has ever been registered, licensed, or regulated by the FSC to carry on investment business or any other financial services business in or from within the BVI.
• Forged documents: The entities have been circulating forged investment business licences bearing the FSC's logo to falsely appear authorised.
• Legal basis: The statement is issued pursuant to Section 37A(2) of the Financial Services Commission Act, 2001.

The FSC advises the public to exercise extreme caution if solicited by these entities and invites anyone with relevant information about questionable entities or improper activities to come forward. The notice imposes no compliance obligations on regulated entities; it is purely informational.

Applies to

members of the public, B.O. TRADEFINANCIALS LTD., AFFILIATETRADE247 INVESTMENT TEAM