Public Statement 16 of 2025 - ELITE FOUND LTD (2025-07-21)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about ELITE FOUND LTD, an entity that is circulating a forged investment business licence and falsely claiming to be licensed by the FSC to deal in investments as an agent and principal.

• Entity identified: ELITE FOUND LTD is not a BVI company and has never been licensed or regulated by the FSC for investment business or any other financial services business.
• Nature of the issue: ELITE FOUND LTD is circulating a forged FSC investment business licence purporting to authorise it for Dealing in Investments as an Agent and Principal.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited by this entity and to avoid conducting any business with it.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and protective in nature, intended to warn the public and market participants; it does not impose ongoing compliance obligations on regulated entities, though the FSC invites anyone with relevant information about ELITE FOUND LTD or similar questionable entities to come forward.

Applies to

members of the public, persons solicited by ELITE FOUND LTD