Public Statement 15 of 2024 - ALES BORMAN (2024-06-28)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about ALES BORMAN, an entity or person circulating a forged investment business licence purporting to be issued by the FSC for Dealing in Investments and Arranging Deals in Investments. The FSC confirms ALES BORMAN is not a BVI company and has never been licensed or regulated by the FSC to conduct investment business or any financial services business in or from the Territory.

• Nature of alert: ALES BORMAN is falsely claiming FSC licensing and using a forged investment business licence document.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with ALES BORMAN.
• Call for information: The FSC invites the public to report any relevant information on questionable entities or improper activities operating in or from the Territory.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is informational and protective in nature; it does not impose ongoing compliance obligations on regulated entities, but licensees and the public should be alert to and avoid dealings with this unlicensed entity.