Public Statement 20 of 2023 - STANDARD MINER'S, LTD. (2023-08-31)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about STANDARD MINER'S, LTD., an entity that has been circulating a forged investment business licence and falsely claiming to be authorised by the FSC to conduct investment business (dealing in and arranging deals in investments) in or from the British Virgin Islands.

• Entity named: STANDARD MINER'S, LTD.
• Conduct alleged: Circulating a forged investment business licence and falsely purporting to be licensed and regulated by the FSC to carry on investment business
• FSC confirmation: The 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 Virgin Islands
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity, and to report any relevant information on questionable entities or improper activities to the FSC

The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001. It is a public alert rather than a licensing or enforcement action against a regulated entity, and it does not impose ongoing compliance obligations on regulated persons.

Applies to

members of the public, potential investors, persons solicited by unlicensed entities