Public Statement 19 of 2021 - DAWEDA LIMITED

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 28 June 2021 concerning DAWEDA LIMITED. It alerts the public that this entity is not, and has never been, licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the BVI, despite purporting to offer investment business services.

• Unlicensed activity: DAWEDA LIMITED purports to provide investment business services to the public, which is a regulated activity requiring FSC licensing that it does not hold.
• Struck off register: DAWEDA LIMITED was struck off the BVI Register of Companies on 1 May 2021 and is therefore prohibited from conducting any business activity.
• Legal basis: The statement is issued by the FSC under Section 37A of the Financial Services Commission Act, 2001.
• Public advisory: Members of the public are urged to exercise extreme caution if approached to do business with DAWEDA LIMITED, and to report relevant information about questionable entities to the FSC.

Applies to

investment business licensees, general public, potential customers or creditors of DAWEDA LIMITED