Public Statement 2 of 2023 - BINARYOPTION57

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 19 April 2023 concerning an entity trading as BINARYOPTION57. The FSC states that this entity has never been licensed or regulated by it to conduct any financial services business in or from the BVI.

• Allegation: BINARYOPTION57 is circulating a forged investment business licence and falsely claims to be authorised and licensed in the BVI to deal in and arrange deals in investments.
• Website named: The entity operates via https://www.binaryoption57.com and is not and has never been licensed or regulated to carry on investment business or any financial services business in the Territory.
• Public advisory: Members of the public are urged to exercise extreme caution if solicited to conduct business with BINARYOPTION57.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice invites the public to report any information about questionable entities or improper activities purportedly operating in or from the BVI. It creates no ongoing compliance obligations for licensed entities; it is purely an investor protection alert.