Public Statement 15 of 2021 - DISBURSEPROFIT LIMITED (2021-04-16)

Summary

This is a Public Statement issued by the British Virgin Islands Financial Services Commission (FSC) warning that DISBURSEPROFIT LIMITED 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 within the BVI.

• Finding: DISBURSEPROFIT LIMITED has been falsely purporting to be regulated by the FSC and providing investment business services to the general public, an activity that under BVI legislation may only be carried out by a licensed and regulated entity.
• Purpose: The statement is issued to protect customers, creditors and persons who may have been solicited by the entity, and to alert the public that it holds no FSC licence.
• Legal basis: Issued by the FSC pursuant to Section 37A of the Financial Services Commission Act, 2001.

The FSC advises members of the public to exercise extreme caution if solicited to conduct business with DISBURSEPROFIT LIMITED, and invites the public to report information about questionable entities operating in or from the Territory.