Public Statement 16 of 2020 - KIQIWK HOLDINGS INTL LIMITED (2020-10-06)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about KIQIWK HOLDINGS INTL LIMITED, which operates the website www.solutionsmarkets.co under the name SOLUTIONS MARKETS. The FSC states that this entity is offering investment business services to the public but has never been licensed or regulated by the FSC to carry on investment business or any financial services business in or from within the British Virgin Islands.

• Entity named: KIQIWK HOLDINGS INTL LIMITED, trading as SOLUTIONS MARKETS, via website www.solutionsmarkets.co
• Concern raised: Some activities advertised on the website appear to be regulated investment business activity that, under BVI law, may only be conducted by an FSC-licensed company
• Public advisory: Members of the public are urged to exercise extreme caution if solicited by this entity, and to report information on questionable or unlawful entities to the FSC
• Legal basis: Issued by the FSC under Section 37A of the Financial Services Commission Act, 2001

The notice is informational and protective in nature, aimed at warning consumers and the public rather than imposing compliance obligations on licensed entities.

Applies to

unlicensed entities purporting to conduct investment business, members of the public