Public Statement 15 of 2022 - NORTH AMERICAN INVESTMENT CORPORATION (2022-09-28)

Summary

This is a public warning notice issued by the BVI Financial Services Commission under Section 37A of the Financial Services Commission Act, 2001, alerting the public that NORTH AMERICAN INVESTMENT CORPORATION is not, and has never been, licensed or regulated to carry on investment business or any other financial services business in or from the British Virgin Islands.

• Unlicensed status: The Company has never held a licence to conduct investment business or any other regulated financial services activity.
• Corporate history: The Company entered voluntary liquidation on 24 July 2008, was dissolved on 12 August 2008, restored to the Register on 18 March 2013, struck off on 1 November 2013 for non-payment of annual licence fees, and dissolved again on 31 October 2020.
• Legal effect of strike off: While struck off, BVI legislation prohibits the company from dealing with its assets or acting in any way with respect to its affairs.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with the Company, and are invited to report relevant information on questionable entities to the FSC.

The statement is purely informational and protective in nature; it does not impose ongoing compliance obligations on regulated entities but warns consumers and the public away from dealing with this specific unlicensed and dissolved company.

Applies to

members of the public, NORTH AMERICAN INVESTMENT CORPORATION (unlicensed entity)