Public Statement 19 of 2023 - Martin Kovac (2023-08-30)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that an individual named Martin Kovac has never been licensed or regulated by the FSC to conduct investment business or any other financial services business in or from the BVI.

• Conduct alleged: Martin Kovac is circulating a forged investment business licence and falsely claiming to be authorised and regulated by the FSC to deal in investments.
• FSC finding: The FSC confirms Martin Kovac has never held any licence or authorisation from the FSC for any financial services activity.
• Public advisory: Members of the public are urged to exercise extreme caution if approached by Martin Kovac to conduct business.
• Legal basis: The statement is issued under Section 37A of the Financial Services Commission Act, 2001.

The notice is informational and protective in nature, intended to warn potential customers, creditors, and the public rather than to impose ongoing compliance obligations on regulated entities. The FSC also invites anyone with relevant information about Martin Kovac or similar questionable activities to come forward.