Public Statement 2 of 2025 - SZTEFAN URBAN (2024-01-14)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) concerning an individual identified as SZTEFAN URBAN. The FSC states that a forged investment business licence is circulating that falsely claims this person is authorised and regulated by the FSC to carry on investment business, including dealing in investments as principal and arranging deals in investments.

• Nature of warning: SZTEFAN URBAN has never been licensed or regulated by the FSC to carry on investment business or any other financial services business in or from the British Virgin Islands.
• Basis for statement: The FSC issued this Public Statement under Section 37A of the Financial Services Commission Act, 2001 to protect customers, creditors and persons who may be solicited by this individual.
• Public guidance: Members of the public are advised to exercise extreme caution if solicited to conduct business with SZTEFAN URBAN and are invited to report information on questionable entities or improper activities to the FSC.

The notice is purely informational and protective in nature, alerting the public and market participants rather than imposing any continuing regulatory obligation on licensed entities.