Public Statement 17 of 2024 - PETER KACOV (2024-06-28)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about an individual known as Peter Kacov, who is circulating a forged investment business licence and falsely claiming to be licensed by the FSC to deal in investments and arrange deals in investments. The FSC confirms Peter Kacov is not a BVI company and has never been licensed or regulated by the FSC to conduct investment business or any other financial services business in or from the BVI.

• Nature of concern: Peter Kacov is circulating a forged FSC investment business licence purporting to authorise Dealing in Investments and Arranging Deals in Investments.
• Regulatory status: Peter Kacov has never been licensed or regulated by the FSC for any financial services business in or from the Virgin Islands.
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with Peter Kacov.
• Legal basis: The Public Statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is informational and protective in nature, alerting the public and market participants rather than imposing any compliance requirement on regulated entities. The FSC invites anyone with relevant information about questionable entities or improper activities to come forward.