Public Statement 20 of 2020 - DIGNITY TRADE (2020-11-12)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) on 12 November 2020 concerning an entity called DIGNITY TRADE. The FSC states that DIGNITY TRADE has never been licensed or regulated to carry on investment business or any other financial services business in or from the BVI, and that it is circulating a forged investment business licence while falsely claiming to be FSC authorised.

• Nature of concern: DIGNITY TRADE is falsely representing itself as licensed by the FSC to deal in investments, using a forged licence document.
• FSC position: DIGNITY TRADE is not and has never been licensed or regulated by the FSC for investment business or any financial services business.
• Public advice: Members of the public are urged to exercise extreme caution if solicited by DIGNITY TRADE and to report any relevant information about questionable entities to the FSC.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is purely informational and protective in nature; it does not impose ongoing compliance obligations on licensed entities, but rather warns the public and industry about an unauthorised, fraudulent operator.